Standard Chartered plans expansion 29 November 2010Hong Kong Reporter: Ben Wilkie
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Standard Chartered Bank says it plans a huge growth strategy in its trading and underwriting operations over the next three years, with almost 2,000 new hires.
The bank says it wants to double revenues in the businesses to about USD10 million. The bank currently employs 1,700 people in trading and underwriting and had revenues of USD4.4 billion last year.
“This is just the beginning,” said Leonard Feder, head of the Financial Markets unit. “We’re just scratching the surface on what the opportunities are.”
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