StanChart puts emphasis on greater role of structured financing products
FE Report | Friday, 1 April 2011
FE Report
Standard Chartered Bank recently organized a seminar on "Structured Financing & Solutions" in the city. The seminar was inaugurated by Dr. Syed A Samad, Executive Chairman of Board of Investment. The opening remarks were made by Mr. Jim McCabe, Chief Executive Officer, Standard Chartered Bank, Bangladesh. Top officials of the leading corporate houses were also present on the occasion. In the backdrop of rapid industrialization, infrastructural development and impressive economic growth of Bangladesh, the structured financing products now have a greater role to play in supporting such potentials. This seminar was organized to showcase the capabilities of Standard Chartered Bank to provide structured financing solutions and to raise funds through various local and foreign currency debt and equity linked solutions and its strengths as a corporate investment advisor. Mr. Jim McCabe said this initiative was yet another demonstration of the continued commitment of the bank to develop the local market. Standard Chartered Bank is a leading syndicated debt arranger in Asia and has a long presence in Bangladesh with tested track record in arranging local as well as cross - border financing. Mr. McCabe highlighted the extensive expertise of his bank in providing structured financing solutions to its corporate and institutional clients of various sectors in the region with the aid of its global product range. The need for structured financing solutions was also highlighted by Mr. Abrar A. Anwar, Managing Director & Head of Origination and Client Coverage, Standard Chartered Bank, Bangladesh and various points on structured financing were also shared. Dr. Syed A Samad thanked Standard Chartered Bank for arranging such seminar. He said this was very timely step considering the current economic scenario and the infrastructural development in the country. He also recognized the need for companies in Bangladesh to explore various structured financial solutions and said that Board of Investment has full commitment to promote and facilitate investment in the private sector both from domestic and overseas sources with a view to contribute to the socio-economic development of Bangladesh. The key note presentations were made by Mr. Md. Maroof ur Rahman Mazumder, Head of Capital Markets Bangladesh, on solutions under capital market space; and Mr. Amit Sanan, Head of Structured Trade Finance and Financial Solutions, North & East India and Bangladesh, on various solutions around structured trade finance, capital structure and asset backed financing. The presentations were followed by a highly interactive Q&A session. Mr. Alamgir Morshed, Head of Global Markets, Standard Chartered Bank, Bangladesh delivered the closing remarks, he thanked the Chief Guest and top management of the Corporate houses for attending and contributing to the discussions. He emphasized on the positive impact that the structured financing solutions would have on the balance sheet management of the companies, on the background of growing funding needs and development of the economy.
Standard Chartered Bank recently organized a seminar on "Structured Financing & Solutions" in the city. The seminar was inaugurated by Dr. Syed A Samad, Executive Chairman of Board of Investment. The opening remarks were made by Mr. Jim McCabe, Chief Executive Officer, Standard Chartered Bank, Bangladesh. Top officials of the leading corporate houses were also present on the occasion. In the backdrop of rapid industrialization, infrastructural development and impressive economic growth of Bangladesh, the structured financing products now have a greater role to play in supporting such potentials. This seminar was organized to showcase the capabilities of Standard Chartered Bank to provide structured financing solutions and to raise funds through various local and foreign currency debt and equity linked solutions and its strengths as a corporate investment advisor. Mr. Jim McCabe said this initiative was yet another demonstration of the continued commitment of the bank to develop the local market. Standard Chartered Bank is a leading syndicated debt arranger in Asia and has a long presence in Bangladesh with tested track record in arranging local as well as cross - border financing. Mr. McCabe highlighted the extensive expertise of his bank in providing structured financing solutions to its corporate and institutional clients of various sectors in the region with the aid of its global product range. The need for structured financing solutions was also highlighted by Mr. Abrar A. Anwar, Managing Director & Head of Origination and Client Coverage, Standard Chartered Bank, Bangladesh and various points on structured financing were also shared. Dr. Syed A Samad thanked Standard Chartered Bank for arranging such seminar. He said this was very timely step considering the current economic scenario and the infrastructural development in the country. He also recognized the need for companies in Bangladesh to explore various structured financial solutions and said that Board of Investment has full commitment to promote and facilitate investment in the private sector both from domestic and overseas sources with a view to contribute to the socio-economic development of Bangladesh. The key note presentations were made by Mr. Md. Maroof ur Rahman Mazumder, Head of Capital Markets Bangladesh, on solutions under capital market space; and Mr. Amit Sanan, Head of Structured Trade Finance and Financial Solutions, North & East India and Bangladesh, on various solutions around structured trade finance, capital structure and asset backed financing. The presentations were followed by a highly interactive Q&A session. Mr. Alamgir Morshed, Head of Global Markets, Standard Chartered Bank, Bangladesh delivered the closing remarks, he thanked the Chief Guest and top management of the Corporate houses for attending and contributing to the discussions. He emphasized on the positive impact that the structured financing solutions would have on the balance sheet management of the companies, on the background of growing funding needs and development of the economy.