Standard Chartered Expands Commodity Corporates Business to Geneva
Standard Chartered Bank has opened an office in Geneva, Switzerland, in response to the growth of its commodity corporates business and a 20% increase in the number of clients in the region. The double-digit growth of the bank’s commodity corporates business is aligned to the rise in trade activity originating from natural resource commodities in Africa, China, India and the Middle East – Standard Chartered’s core markets. The Geneva office consists of a team of specialists with local and global knowledge to serve the growing number of commodity corporates clients in Switzerland. Standard Chartered’s commodity corporates business features four distinct industry segments. Three focused on the producers of oil and gas, metals and mining, and agriculture. One focused on the physical traders, which consists of more than 100 relationship managers worldwide.