The new branch is designed to service the fast growing jewellery and diamond trade, and provide wealth management services to the large number of high net-worth customers the Bank serves in the Deira area.
Abdul Rahman Al Mutaiwi, the Director General of Dubai Chamber of Commerce and Industry, officially opened the branch, in the Gold Centre, Deira, in a ceremony attended by the Bank's customers and staff today, May 5th.
Ray Ferguson, Standard Chartered Bank's UAE CEO, said: "Standard Chartered Bank has long been the banker of choice for Dubai's jewellery and bullion trading community, and the opening of this branch is a response to growing customer demand for bespoke banking at the heart of the precious metals trading zone.
"With Dubai government initiatives such as the Dubai Metals and Commodities Centre and the Gold and Diamond Park, and continuing anticipated annual growth in the gold, jewellery and diamond trade, the Gold Souk branch is certain to be very popular.
"Our successful Deira branch is extremely busy. This new branch will afford clients two outlets in Deira, and allow a new dimension of personalised service to a very important client sector."
Designed as a wealth management branch in the bank's new global branding standards, the new branch will provide personal wealth management services in addition to specialised corporate banking services for the gold, jewellery and diamond trade.
The branch opening is part of Standard Chartered Bank's strategic expansion plan for the UAE, with three more branches slated to open by year-end, at various locations in the Emirates.
The Gold Souk branch is staffed by corporate and wealth management professionals, and will open from 8am to 3.30pm, Saturday to Wednesday, 8am - 2pm on Thursday.
Standard Chartered Bank, which has been serving business and personal customers in the Gulf for more than 80 years, celebrates its 150th global anniversary this year.
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Standard Chartered Bank opens Gold Souk branch
- United Arab Emirates: Monday, May 05 - 2003 at 12:46
- PRESS RELEASE
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Standard Chartered Bank UAE has opened its eighth branch in Dubai, at the heart of the Gold Souk.
H.E Abdul Rahman Al Mutaiwi with Ray Ferguson opening the new Chartered Bank Branch.
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Posted by Anne-Birte Stensgaard, Senior News EditorMonday, May 05 - 2003 at 12:46 UAE local time (GMT+4)
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This article was updated on Tue May 06 2003.
Notes and Media Contacts »
Standard Chartered Bank in the UAE
- In the UAE
Standard Chartered Bank has a Consumer Banking network comprising eight branches and 22 automated teller machines (ATMs). Standard Chartered is the leading provider of cash management trade finance, and treasury products and services in the UAE.
Standard Chartered Bank - The world's leading emerging markets bank
Standard Chartered is the world's leading emerging markets bank. It employs nearly 29,000 people in over 500 offices in more than 50 countries in the Asia Pacific Region, South Asia, the Middle East, Africa, United Kingdom and the Americas.
The Bank serves both consumer and wholesale banking customers. Consumer Banking provides credit cards, personal loans, mortgages, deposit taking and wealth management services to individuals and small/medium sized businesses. The Wholesale Bank provides services to multinational, regional and domestic corporate and institutional clients in trade finance, cash management, custody, lending, foreign exchange, interest rate management and debt capital markets.
With 150 years in the emerging markets the Bank has unmatched knowledge and understanding of its customers in its markets.
Standard Chartered recognises its responsibilities to its staff and to the communities in which it operates.
For further information please contact:
Aida Hamza, Head of Corporate Affairs, Standard Chartered Bank, UAE Telephone: +971 4 5088200 Fax: +971 4 5088241
For press information contact:
Will Rankin, MCS/Action, PO Box 20970, Dubai, UAE. Tel: +971 4 3902960 Fax: +971 4 3908161.
- In the UAE
Standard Chartered Bank has a Consumer Banking network comprising eight branches and 22 automated teller machines (ATMs). Standard Chartered is the leading provider of cash management trade finance, and treasury products and services in the UAE.
Standard Chartered Bank - The world's leading emerging markets bank
Standard Chartered is the world's leading emerging markets bank. It employs nearly 29,000 people in over 500 offices in more than 50 countries in the Asia Pacific Region, South Asia, the Middle East, Africa, United Kingdom and the Americas.
The Bank serves both consumer and wholesale banking customers. Consumer Banking provides credit cards, personal loans, mortgages, deposit taking and wealth management services to individuals and small/medium sized businesses. The Wholesale Bank provides services to multinational, regional and domestic corporate and institutional clients in trade finance, cash management, custody, lending, foreign exchange, interest rate management and debt capital markets.
With 150 years in the emerging markets the Bank has unmatched knowledge and understanding of its customers in its markets.
Standard Chartered recognises its responsibilities to its staff and to the communities in which it operates.
For further information please contact:
Aida Hamza, Head of Corporate Affairs, Standard Chartered Bank, UAE Telephone: +971 4 5088200 Fax: +971 4 5088241
For press information contact:
Will Rankin, MCS/Action, PO Box 20970, Dubai, UAE. Tel: +971 4 3902960 Fax: +971 4 3908161.
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