Standard Chartered recently announced that Group Executive Director Chris Keljik has assumed responsibility for the Group's business activities in the Middle East, South Asia and Africa. He retains his existing responsibilities for audit, risk management, special asset management and corporate affairs, confirmed a press release.
"Standard Chartered will remain focused on its growth strategy for the Middle East and South Asia region. Following the acquisition of Grindlays, we now have a leading position in many of the markets of the Middle East and South Asia,” commented Keljik.
Standard Chartered is a London-based, international bank focused on emerging markets of Asia, Africa, the Middle East and Latin America. It has significant operations in Hong Kong, Singapore, Malaysia, Thailand, India, Bangladesh, the United Arab Emirates (UAE) and in sub-Saharan Africa. The Group's businesses in the region employ around 3,000 people with a network of more than 80 branches and 95 Automated Teller Machines (ATMs).
Standard Chartered's business grew substantially in 2000 with the $1.34 billion acquisition of Grindlays Bank in the Middle East and South Asia. The integration of the two banks continues to make good progress and is scheduled to complete by year-end 2002. The Group has a network of over 500 offices in more than 50 countries. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
