Dubai:Standard Chartered has announced the opening of its newest representative office in the United Arab Emirates (UAE), at the Abu Dhabi Global Market (ADGM). The newly opened office will serve as an important touchpoint for enterprises that are looking to access a wide variety of financial services offered by Standard Chartered.
The opening of the new representative office within ADGM is in keeping with the bank’s client-centric philosophy as Standard Chartered will be able to further service their stakeholders in the region.
Commenting on the expansion, Rola Abu Manneh, CEO of Standard Chartered UAE, said: “At the Bank, the UAE continues to be a strategic market for us and our new office at ADGM is an additional step in bringing us closer to our clients in Abu Dhabi and across the Emirates. This milestone is also a testament to our confidence in the UAE’s position as a global business hub and will aim to further support in the progression of Abu Dhabi’s economic development. We are pleased to be opening our representative office at ADGM, a truly dynamic financial center, and look forward to further supporting the growth and vision of the emirate.”
As Standard Chartered continues to champion the latest in banking technologies, ADGM’s stature as a progressive international financial centre serves as the ideal backdrop for the progression of the bank’s digital agenda.
Abu Manneh added: “Through the establishment of this new location, Standard Chartered will continue to support the UAE’s growth and development as a robust financial hub. Furthermore, the Bank will be able to provide numerous financial services to a wide range of international, local, corporate and institutional clients that are looking to develop regional treasury and liquidity management centres in the UAE. The Bank will achieve this objective by leveraging ADGM’s progressive and efficient regulatory framework.”
With over six decades in the UAE, Standard Chartered has committed its portfolio of proficient financial resources to reinforcing the UAE’s position as a thriving investment hub. In line with Abu Dhabi’s Economic Vision 2030, Standard Chartered is building an open, efficient, effective and globally integrated business environment.
For more information or interview opportunities, please contact:
Wasim Ben Khadra,
Head of External Communications, UAE
Mobile: +971 56 508 0106
We are a leading international banking group, with a presence in 60 of the world’s most dynamic markets and serving clients in a further 85. Our purpose is to drive commerce and prosperity through our unique diversity, and our heritage and values are expressed in our brand promise, Here for good.
Standard Chartered PLC is listed on the London and Hong Kong Stock Exchanges as well as the Bombay and National Stock Exchanges in India. For more stories and expert opinions please visit Insights at sc.com. Follow Standard Chartered on Twitter, LinkedIn and Facebook.
© Press Release 2020