To strengthen its investment banking activities, Stanchart is expected to increase its staff strength. The bank is preparing to launch its new investment banking (IB) unit in Beijing by the end of this year.
The Stanchart is actively hiring people now and intends to have close to 100 staff on day one, John Tan, Stanchart’s Asia head of financial markets and chairman for China investment banking unit was quoted as saying by Reuters.
The investment banking unit of Stanchart is expected to focus on helping local companies to raise capital through exchange-traded fixed-income issuance.
In another development, Standard Chartered and global payments platform Tazapay announced a global partnership to deliver best-in-class payments and commerce-enabling experiences as part of the Bank’s broader initiative to provide curated financial services on B2B platforms.