Standard Chartered Complements Equity Business With Cazenove Asia Acquisition

Standard Chartered PLC, through its subsidiary Standard Chartered Bank (Hong Kong) Limited, has fully acquired Cazenove Asia Limited ("Cazenove Asia"), Asian equity capital markets, corporate finance and institutional brokerage business, from JPMorgan Cazenove. Cazenove Asia, a member of the Hong

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Standard Chartered PLC, through its subsidiary Standard Chartered Bank (Hong Kong) Limited, has fully acquired Cazenove Asia Limited (“Cazenove Asia”), Asian equity capital markets, corporate finance and institutional brokerage business, from JPMorgan Cazenove.

Cazenove Asia, a member of the Hong Kong Stock Exchange, has offices in Hong Kong, Singapore, Beijing and Shanghai, and sales teams in London and New York. The acquisition provides Standard Chartered a strong equity markets platform to offer clients a wider range of transactions in key markets.

“We are delighted to welcome the Cazenove Asia team to Standard Chartered,” says Mike Rees, CEO, Wholesale Banking, Standard Chartered Bank. “The Cazenove Asia business is highly complementary to our existing business and represents a further build-out of our equity capital markets capability.

“Especially in Asia, where we expect markets to grow faster than in the West, we see tremendous opportunities to offer clients, distribution, equity research, enhanced advisory capabilities and institutional equity brokerage.”

L.D.

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