>>
Industry>>
Banking and insurance>>
Standard Chartered is all set ...Standard Chartered is all set to hire 400 staff in Hong Kong to aid its expansion plans
The Silicon Review
20 April, 2021
Author:
The Silicon Review Team
Standard Chartered, one of the biggest financial services companies in the world, has recently made an announcement that it will be hiring 400 staff in Hong Kong to strengthen its expansion plans. The latest development is mainly due to the fact that Standard Chartered is now foraying into wealth management business and retail banking. There is an ever-growing need for wealth managers in the Hong Kong region, so the company wants to tap into this market. Standard Chartered is planning to invest $26 million in different phases for the next three years along with the hiring process.
The company is all set to revamp its operations and branches in the city; along with that, the bank is expected to add, close, and relocate most of its branches with the intention to maintain just 70 entities in the city. During the COVID pandemic, Standard Chartered had witnessed a 25 percent fall in its branch visits, and the bank is certain that the demand will continue to increase, and customers will look forward to discussing more complex needs. Standard Chartered will open another Priority Private Center in Hong Kong this year along with three other green branches to deliver a paperless experience for users. Ong has stated that the bank registered double-digit growth in the q3 of 2021.
