Standard Chartered Grindlays Offshore Financial Services ' formed through the merger of Standard Cha...
Standard Chartered Grindlays Offshore Financial Services ' formed through the merger of Standard Chartered Bank Ltd and Grindlays Private Bank ' intends to continue focusing on high net worth individuals worldwide in its major markets following the appointment of a new managing director.
Andrew Hunter, who replaces Chris Dickinson ' now a non-executive chairman of the merged company ' aims to continue offering a broad product that encompasses banking, investment credit, foreign exchange and trust.
The launch of Standard Chartered Grindlays Offshore Financial Services, follows the acquisition in July last year of the international operations of Grindlays Private Bank by the Standard Chartered Banking Group.
The merger of the two businesses has included the integration of the local subsidiaries of each bank into a single entity known as Standard Chartered Grindlays (Offshore) Limited, now employing 390 members of staff.
Hunter said the newly formed company intended to work closely with the Standard Chartered international network to strengthen its position as the world's leading emerging markets' bank.
Standard Chartered Grindlays Offshore Financial Services already has a number of offshore specialist offices operating in London, Dubai, Hong Kong, Johannesburg and Qatar.
'As the business expands, so too will our network of offshore specialist offices. This will help to extend our global reach whilst providing an enhanced local presence,' Hunter said.
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