Standard Chartered (SC) is expanding its coverage for investors and intermediaries from its regional hub in the Dubai International Financial Center to more than 40 markets across Asia, Africa and the Middle East (MENA).
The regional hub has offered one-stop-shop services since last year. The hub structure is intended to allow clients to access multiple through a service provider from their own region without having to go through multiple external links.
This expansion is a clear example on how we are leveraging our network to benefit our clients and the wider region, says Farooq Siddiqi, regional head of Transaction Banking in MENA for Standard Chartered. We are already seeing intraregional and international investment flows in the markets that we cover and this will only grow over time. Standard Chartered is committed to continue investing in our business capabilities and provide clients with an integrated set of solutions.
This expansion demonstrates Standard Chartered commitment to grow its securities services business. Through our continuous investments, integrated solutions and strong footprint across the worlds most dynamic markets, we are ideally positioned to serve securities industry participants, says Shikkoh Malik, regional product head of Investors & Intermediaries in MENA for SC.
(OS)