Press release
Standard Chartered targets 5%-7% growth in Corporate & Investment Banking
Bank establishes new team to serve financial sponsors and expands global network in North Africa
London – Standard Chartered (“the Bank”) will today host an Investor Seminar on its Corporate & Investment Banking (“CIB”) business, at which it will target annual growth for the division of 5%-7% and share details on new client-led initiatives to deliver that growth.
Building on a unique network proposition
The Bank will lay out its strategy across a diverse international network, including the latest step of receiving regulatory approval to open an office in Morocco, the sixth largest economy in Africa, which is seeing accelerating GDP growth supported by a new series of infrastructure projects and the continued implementation of the country’s structural reform agenda.
The new office will enable Standard Chartered to broaden and deepen relationships with international businesses, including those in the agro-industrial, automotive, aeronautics, and renewable energy sectors, and as well as helping clients connect across Africa and the EU, Morocco’s largest trading partner.
Roberto Hoornweg, Co-Head, CIB and CEO, Europe & Americas and Middle East and Africa, said: “Standard Chartered is characterised by the diversity of our product set, our client segments, and the unique access that we offer to a network of dynamic markets. We act as a superconnector for the flows of capital, goods and services of leading cross-border financial institutions, often as the only bank with last-mile capability in a particular market. Some of our clients bank with us in 30 or more markets, which puts us in a strong position to support them as they manage risk in volatile conditions and tap growing international capital markets, and to be agile as they grow their own networks or redesign supply chains in response to evolving trade corridors.”
Focused growth from high-returning clients
As the Bank continues to grow high-returning business such as the Financial Institutions (“FI”) client segment, which now accounts for 51% of CIB’s income (as of full-year 2024), it has created a new coverage team for financial sponsor clients. The team will initially comprise around 25 bankers, based out of New York and with hubs including London and Dubai.
Sunil Kaushal, Co-Head, CIB and CEO, ASEAN and South Asia, said: “The investors and sponsors space has been evolving, with the emergence of clients who have differentiated needs. We are stepping up our efforts to serve this segment, as well as expanding our multi-market relationships with banks, insurers, global asset managers and sovereign wealth funds – continuously enhancing the product suite that we offer them. At the same time, we are leveraging our network and capabilities to meet growing demand from our largest corporate clients for risk management, advice, transaction services and financing in more of our markets.”
Meeting evolving needs with innovative solutions
Thanks to its broad footprint, Standard Chartered has established a leading role in some of the world’s high-growth markets and sectors, including RMB, Islamic Finance and Sustainable Finance.
The RMB has emerged as a top-four payment currency and the second most used currency in the trade finance market globally, and the Bank is active in RMB-denominated bonds and a market maker in the Bond Connect and Swap Connect programmes. In the Islamic Finance sector, Standard Chartered projects in a new report that assets will reach USD7.5 trillion by 2028. In Sustainable Finance, the Bank has mobilised USD121 billion since 2021, and is making good progress on its target of USD300 billion by 2030, including strong penetration in the fast-growing solar cell, lithium battery and electric vehicle sectors.
Details of the seminar will be available on sc.com/investors.
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For further information please contact:
Piers Townsend
Standard Chartered
Shaun Gamble
Standard Chartered