Standard Chartered Bank has launched securities services in Cote dIvoire, its fourth new market since it bought the African securities business of Barclays in 2010.
Cote dIvoire expands its service offering in Africa to include the West African Economic and Monetary Union (UEMOA) region.
The bank now offers securities services directly in ten African markets (Botswana, Ghana, Kenya, Mauritius, Nigeria, Tanzania, Uganda, Zambia, Zimbabwe and Cote dIvoire) with indirect capabilities in seven others (Egypt, Malawi, Morocco, Namibia, South Africa, Tunisia and Rwanda) through its network of agent banks.
By offering securities services in Cote dIvoire and across the West African Monetary Union, Standard Chartered is enhancing the range of financial solutions and capabilities we provide to support the growth and expansion of new and existing clients, says Serge Philippe Bailly, CEO for Standard Chartered Cte dIvoire. Cote dIvoire, and more broadly West Africa, demonstrates immense growth and investment potential Standard Chartered is committed to facilitating the growth of the regions financial sector and realizing our brand promise of being Here for good.
Chris Wooldridge, regional head of Investors & Intermediaries Africa for Standard Chartered, adds: We are witnessing an increased demand from both international and regional clients to invest and participate in West Africas economic potential securities services enable corporate clients to proactively and efficiently track their investments into African equity, bond and money markets. By providing the structure, products and service for this valuable channel of investment, the Bank facilitates the growth and development of the regions various up-and-coming stock exchanges to meet the worlds increasing investor appetite.
(CG)