Standard Chartered boosts technology investments
by 50 per cent in Malaysia
Kuala Lumpur, 27 June 2016: Standard Chartered Bank (the Bank) announced today that it will be strengthening its technology investments in order to support its growth strategy in Malaysia at the 15th anniversary celebration of its global technology and operations hub, Scope International (M) Sdn Bhd. The ceremony was officiated by YB Dato Sri’ Mustapa Mohamed, Minister of International Trade and Industry.
Speaking at the ceremony, the Minister said:
“The growth and development of the GBS sector, as demonstrated by the expansion of companies such as Scope International, is also a reflection of Malaysia’s commitment towards moving up from a low wage and low skills economy to a high-income, knowledge-based economy by 2020. Our hope is that this industry can add in another RM 6.9 billion in GNI and create 43,330 new jobs by the end of this decade.”
The Bank’s global shared service centers are poised to benefit from the USD3 billion investments planned globally over the next 3 years. A significant portion of the investment is dedicated to transforming the Bank’s digital capabilities and providing faster and easier services to its customers. In Malaysia, the Bank will be spending 50 per cent more this year over 2015 in technology.
Matthew Norris, Chief Executive Officer of Scope International said:
“We will continue to invest and innovate to ensure we’re able to take advantage of the opportunities as our markets evolve. Approximately USD30 million will be invested in our centre here in Malaysia that provides dedicated world-class technology, software and system development, information technology support services, banking operations, situational awareness and response capabilities to businesses globally.”
Mahendra Gursahani, Managing Director and Chief Executive Officer of Standard Chartered Malaysia, believes that the Bank’s technology investment in Malaysia will be its catalyst for growth.
“In order to grow our business, we must become more efficient and invest in long term growth while contributing to the nation’s vibrant financial landscape. With a history of over 140 years in Malaysia, Standard Chartered has brought the best in banking to our clients. We will continue to do so by bringing the latest in cutting-edge digital capabilities with the same focus on providing easy, convenient banking to our clients.”
Standard Chartered’s investments are also a reflection of the Bank’s commitment to nurturing the local talent pool as they benefit from working and learning from a field of world-class experts.
Matthew, who is also Global CEO of Standard Chartered Shared Services Centers, adds:
“Our continuous growth from a humble headcount of 150 in 2001 to over 5,000 strong today reflects the strategic importance Standard Chartered places on this country. We have both the infrastructure and talents at our disposal to aggressively drive our digital aspiration and transition to knowledge processing besides business processing.
We aim to be an employer of choice and attract the best professionals from around the globe to converge right here in Malaysia, further adding to our diverse international workforce which now represents talents from 26 nations. This is in line with our commitment to develop and grow Malaysia’s very own diverse and capable talent pool as our local talents will benefit tremendously by working with industry experts on a daily basis.”
Also present at the event was Tan Sri Dato’ Mohd Sheriff Mohd Kassim, Chairman of Standard Chartered Bank Malaysia Berhad.
Dato Sri' Mustapa Mohamed, Minister of International Trade and Industry (2nd from right) officiating Scope International (M) Sdn Bhd's 15th Anniversary Celebration alongside Matthew Norris, CEO of Scope International (M) Sdn Bhd (2nd from left); Dato' Ng Wan Peng, Chief Operating Officer of Malaysian Digital Economy Corporation (far left), Tan Sri Dato’ Mohd Sheriff bin Mohd Kassim, Chairman of Standard Chartered Bank Malaysia (3rd from left) and Mahendra Gursahani, MD & CEO of Standard Chartered Bank Malaysia (far right).
Dato Sri' Mustapa Mohamed, the Minister of International Trade and Industry (far right), signing the commemorative plaque while being witnessed by Matthew Norris, CEO of Scope International (M) Sdn Bhd (2nd from right); Mahendra Gursahani, MD & CEO of Standard Chartered Bank Malaysia (3rd from right); Tan Sri Dato’ Mohd Sheriff bin Mohd Kassim, Chairman of Standard Chartered Bank Malaysia (2nd from left); and Dato' Ng Wan Peng, Chief Operating Officer of Malaysian Digital Economy Corporation (far left).