Standard Chartered launches benchmark International Banking division

The new International Banking arm recognises that investors increasingly wish to diversify their portfolio through strategic investments across several markets and asset classes.

Ranjit Khanna, Regional Head of International Banking, Standard Chartered Bank, said: "We are moving from a predominantly Jersey-centric offering to a new model of five International Banking centres in Dubai, London, Jersey, Hong Kong and Singapore.

"This will give our high net worth customers the unique advantage of formulating financial relationships across multiple geographies and multiple product sets through one bank and a single Relationship Manager, who will be based in their time zone and will work with them to identify new investment opportunities and provide expert financial support.

"The term 'offshore' banking is no longer wide enough to cover the range of financial services this arm of the Bank offers. International Banking offers a wide choice of jurisdictions, banking services and investment, credit and trust products as well as FX facilities by bringing together Standard Chartered Bank's global capabilities across the five centres."

The International Banking division will be a key participant at the Dubai International Boat Show and VIP Boat Show, organised by the Dubai World Trade Centre, from March 17 to March 20, at Dubai International Marine Club.

Chief Executive of Standard Chartered Bank in the UAE, Ray Ferguson, said: "The boat show is a perfect place to introduce our international banking division, especially as, based on their lifestyle profile, we feel that our offering will be compelling to the majority of those attending."

A dedicated team of 20 professionals, working out of Dubai and London, will focus wholly on the Middle East and South Asia region. The division is committed to providing a high standard of personalised service, while understanding the intricacies of local culture and the economies of the markets covered.

"The fact that Standard Chartered has chosen to have an International Banking centre within the Middle East here in Dubai, further highlights our continuing dedication to, and the importance of, the UAE and Middle East market.

Each of the International Banking centres offers a range of benefits from tax efficient investments to the ability to globally diversify a portfolio, and access opportunities not ordinarily available in the investor's home country.

"Customers today have an increasingly global outlook, so it makes perfect sense to spread our expertise across the world. With operations in more than 50 countries, the Bank has a truly international perspective. And through these five international banking centres, we are able to bring together our capabilities and have the expertise and commitment to help customers preserve and enhance their wealth with a complete and versatile international banking solution," concluded Khanna.