Standard Chartered Bank scoops major Euromoney awards
Friday, 12 September 2008
FE Report
Standard Chartered Wholesale Banking has won a number of awards from Euromoney this year. The London-based global bank was adjudged 'Best Private Bank (global award)', 'Best Foreign Exchange Bank in Africa', 'Best Cash Management Bank in the Middle East', 'Best Debt House in the UAE' and the 'Best Debt House in Kuwait'
The Euromoney Awards for Excellence are given to banks, which set the standard of excellence for their high quality products and services across all areas of investment and commercial banking.
These awards for world-class banking recognise the outstanding performance, top quality service, strong business momentum and innovative products, said a press release.
On winning Best Private Bank award, Global Head of Standard Chartered Private Banking Peter Flavel said, "We are excited with this win, and we're excited by the future for private banking at Standard Chartered. The award recognises our strong performance over the past 12 months. It also supports the powerful combination of Standard Chartered's growth market network with the newly integrated platform capabilities of American Express Private Bank (AEB).
The Standard Chartered Private Bank was launched in 11 markets across five weeks in 2007, a speed and scale unprecedented in the private banking world. With AEB, the private bank tripled its distribution strength to 33 offices with over US$40 billion Assets Under Management within 12 months. With strong credit ratings and a 150-year history, Standard Chartered is a strong and stable partner to private bank clients throughout every stage of their financial life."
On winning the Best Foreign Exchange Bank in Africa award, the bank's Global Head of Foreign Exchange Richard Leighton said, "This award is a validation of the success and strong performance of Standard Chartered's foreign exchange business in Africa. Standard Chartered plays a leading role in providing risk management and foreign exchange services to African companies."
The bank's Global Head of Cash Management Chris Furness was delighted with the recognition of the Bank's cash management capabilities in the Middle East. He said, "Standard Chartered Bank has a long history and deep commitment to the development of business in Middle East. This award demonstrates that commitment as well as the passion and knowledge that our teams bring to clients in addressing and improving their working capital requirements."
On winning Best Debt House awards in the UAE and Kuwait, the bank's Head for Capital Markets (Middle East, Pakistan and South Asia) Gilles Franck said, "Standard Chartered has established a leadership position in the UAE and Kuwait capital markets. We have built upon extensive experience and unparalleled capabilities in structuring, underwriting and distributing innovative financing solutions for clients. Standard Chartered's unique client partnerships have generated many industry firsts and we are proud that these developments have been recognised."
Standard Chartered Wholesale Banking has won a number of awards from Euromoney this year. The London-based global bank was adjudged 'Best Private Bank (global award)', 'Best Foreign Exchange Bank in Africa', 'Best Cash Management Bank in the Middle East', 'Best Debt House in the UAE' and the 'Best Debt House in Kuwait'
The Euromoney Awards for Excellence are given to banks, which set the standard of excellence for their high quality products and services across all areas of investment and commercial banking.
These awards for world-class banking recognise the outstanding performance, top quality service, strong business momentum and innovative products, said a press release.
On winning Best Private Bank award, Global Head of Standard Chartered Private Banking Peter Flavel said, "We are excited with this win, and we're excited by the future for private banking at Standard Chartered. The award recognises our strong performance over the past 12 months. It also supports the powerful combination of Standard Chartered's growth market network with the newly integrated platform capabilities of American Express Private Bank (AEB).
The Standard Chartered Private Bank was launched in 11 markets across five weeks in 2007, a speed and scale unprecedented in the private banking world. With AEB, the private bank tripled its distribution strength to 33 offices with over US$40 billion Assets Under Management within 12 months. With strong credit ratings and a 150-year history, Standard Chartered is a strong and stable partner to private bank clients throughout every stage of their financial life."
On winning the Best Foreign Exchange Bank in Africa award, the bank's Global Head of Foreign Exchange Richard Leighton said, "This award is a validation of the success and strong performance of Standard Chartered's foreign exchange business in Africa. Standard Chartered plays a leading role in providing risk management and foreign exchange services to African companies."
The bank's Global Head of Cash Management Chris Furness was delighted with the recognition of the Bank's cash management capabilities in the Middle East. He said, "Standard Chartered Bank has a long history and deep commitment to the development of business in Middle East. This award demonstrates that commitment as well as the passion and knowledge that our teams bring to clients in addressing and improving their working capital requirements."
On winning Best Debt House awards in the UAE and Kuwait, the bank's Head for Capital Markets (Middle East, Pakistan and South Asia) Gilles Franck said, "Standard Chartered has established a leadership position in the UAE and Kuwait capital markets. We have built upon extensive experience and unparalleled capabilities in structuring, underwriting and distributing innovative financing solutions for clients. Standard Chartered's unique client partnerships have generated many industry firsts and we are proud that these developments have been recognised."