Malcolm, who holds a degree in Law (LLB) and an MBA from Henley Management College, has a Standard Chartered career spanning 16 years.
Prior to his current appointment, Malcolm was the Senior Group Representative at the Bank's New York office, where he was responsible for overseeing anti-money laundering strategy as Standard Chartered is a major USD clearer.
Malcolm was formerly Head of Group Internal Audit-Wholesale Banking based in Singapore and has an extensive knowledge of the Bank's Wholesale operations.
"Malcolm's experience, risk management and regulatory background make him the ideal candidate to lead and grow our DIFC operation,"
said David Proctor, CEO, Standard Chartered UAE.
"Standard Chartered was the first bank to receive a licence for commercial banking from DIFC, and there are numerous opportunities and synergies for our UAE, regional and global businesses from this financial centre of excellence'
Malcolm has prior Middle Eastern experience, having held senior positions with the Bank in Dubai from 1993 to 1996.
"The DIFC presents a significant opportunity to develop the Bank's activities in the UAE and broader regional markets. We intend further developing our Islamic, Corporate Finance and Capital Markets activities, and also see significant opportunities for Private Banking in the region," said Walker.
"Our purchase of Gate 1 Building in the DIFC Precinct and our sole clearing mandate with the DIFX demonstrates our commitment to DIFC. We are planning to extend our product range to consolidate our position as the preferred commercial bank for new entrants to this market." he concluded.
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Posted by Anne-Birte Stensgaard, Senior News Editor
