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Standard Chartered to host Emiratisation open day
- United Arab Emirates: Thursday, October 07 - 2004 at 14:55
- PRESS RELEASE
Standard Chartered Bank, one of the leading international banks in the UAE, is to hold an open day on Monday, 11th October at the Towers Rotana Hotel in a bid to attract more UAE nationals to join its multi-national workforce.
Ray Ferguson, Chief Executive, Standard Chartered Bank UAE, said: "Having a strong national workforce at an international institution like Standard Chartered makes good business sense. As one of the longest serving banks in the country, we are committed to the development of the economy and the national workforce is a vital element of this."
Dubai-based management and training consultancy X-Logic has been appointed to oversee the Emiratisation event and to implement a new HR scheme - 'Project Diversity'. This innovative project will ensure employees are given the opportunity to fully participate in creating business success and are valued for their distinctive skills, experiences and cultural perspectives.
"Project Diversity focuses on ensuring that all employees, regardless of gender, nationality, culture or religion, have access to a full range of opportunities within the bank," said Ferguson.
"We welcome and value the differences inherent in each individual and the unique perspectives which they can offer as a way of creating a better working environment and enable Standard Chartered to meet the varied needs of its customers."
Standard Chartered says a number of business benefits will result from a diversity programme: "These include reduced staff turnover and increased loyalty, while the positive working environment creates happier employees who, in turn, are able to provide better customer care," said Ferguson.
Standard Chartered believes a diverse workforce will also allow it to cater for niche markets, again benefiting the customer.
"Both 'Project Diversity' and the Emiratisation drive will ultimately benefit our customers and help the bank better prepare for the challenges ahead," explained Ferguson. "A structured diversity programme will help Standard Chartered tap into new market opportunities, while an increased local presence benefits the bank, its customers and the UAE as a whole."
While X-Logic has been appointed to help implement Project Diversity's initial phase, the programme is a long term initiative and expected to become part of everyday business at Standard Chartered Bank.
The Emiratisation Open day is at The Towers Rotana Hotel on Sheikh Zayed Road on Monday 11th October from 10.00am to 8.00pm.
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Standard Chartered - leading the way in Asia, Africa and the Middle EastStandard Chartered employs 30,000 people in over 500 locations in more than 50 countries in the Asia Pacific Region, South Asia, the Middle East, Africa, the United Kingdom and the Americas. It is one of the world's most international banks, with a management team comprising 70 nationalities.
Standard Chartered is listed on both the London Stock Exchange and the Stock Exchange of Hong Kong and is in the top 25 FTSE-100 companies, by market capitalisation.
It 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 to medium sized enterprises. Wholesale Banking provides corporate and institutional clients with services in trade finance, cash management, lending, security services, foreign exchange, debt capital markets and corporate finance.
Standard Chartered is well established in growth markets and aims to be the right partner for its customers. The Bank combines deep local knowledge with global capability.
The Bank is trusted across its network for its standard of governance and its commitment to making a difference in the communities in which it operates.
Standard Chartered in the Middle East and South Asia
One of the leading international banks in the region, Standard Chartered has a branch network of 76 branches in 12 countries.
The UAE is the Bank's fourth largest market globally, and Standard Chartered has a commanding share in its chosen market segments. In the UAE, Standard Chartered has a network comprising eight branches and 22 automated teller machines (ATMs). A leader in investment services, credit cards, and personal loans, Standard Chartered is also the leading provider of cash management trade finance, and treasury products and services in the UAE.
Overall, the Middle East and South Asia region contributed over 11% of the Group's revenues in 2003, clearly demonstrating the Bank's strong network and expertise in the region.
For further information, contact:
Niall McLoughlin
Head of Corporate Affairs, Standard Chartered Bank
Tel: +971 (0) 4 5070467
Fax: +971 (0) 4 3594174
Mobile: +971 (0) 50 6251329
Or
Garry Nickson, MCS/Action, PO Box 20970, Dubai t: +971 4 3902960 f: +971 4 3908161
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