Standard Chartered Named 'Best Bank For Liquidity Management' In Middle East
15 February 2009, Doha, Qatar – Standard Chartered’s strategy of operating in emerging markets and its conservative business approach has been highlighted by Global Finance after it was named ‘Best Bank for liquidity management in the Middle East’.
Qatar Head of Origination and Client Coverage of Standard Chartered, James Hopkinson, said, “This award pays tribute to our strategy to optimize working capital model of our clients. This strategy is based on our talented employees, our innovative products and service delivery and our unique network footprint”
In addition to the ‘Best Bank for Liquidity management award, Standard Chartered also won several awards throughout 2008, strengthening its position in cash and working capital management including Euromoney Awards for Excellence 2008 which saw the bank win an award for ‘Best Cash Management Bank in the Middle East’ and Global Finance award for ‘Best Corporate Internet Bank in Qatar’.
Hicham El Khaoudy, Qatar Country Head of Transaction Banking of Standard Chartered said, “With the current uncertain global economic outlook, optimizing the working capital cycle has become our key priority for corporate treasurers. Our liquidity platform is one of the tools that will assist our corporate clients to optimize their cashflows during the current financial storm, by offering an optimal account structure and an automated end-to-end cash concentration process”
“What is also highly appreciated by our clients is the consultative approach that we take when advising on a given liquidity Management structure. The outcome for our clients is a global visibility and fund access; best optimization results for our clients’ balances and Cross-border cross-currency pooling capabilities spanning five regions, 22 countries and more currency types than any other global bank” El Khaoudy added.
For further information please contact:
Haya Mashhood
Head Corporate Affairs Qatar
Standard Chartered Bank
Tel : +974 5847178
Email : Haya.Mashhood@standardchartered.com
Note to Editors:
Standard Chartered – leading the way in Asia, Africa and the Middle East
Standard Chartered PLC, listed on both London and Hong Kong stock exchanges, ranks among the top 25 companies in the FTSE-100 by market capitalisation. The London-headquartered Group has operated for over 150 years in some of the world’s most dynamic markets, leading the way in Asia, Africa and the Middle East. Its income and profits have more than doubled over the last five years primarily as a result of organic growth and supplemented by acquisitions.
Standard Chartered aspires to be the best international bank for its customers across its markets. The Bank derives more than 90 per cent of its operating income and profits from Asia, Africa and the Middle East, generated from its Wholesale and Consumer Banking businesses. The Group has around 1,750 branches and outlets located in over 70 countries. The extraordinary growth of its markets and businesses creates exciting and challenging international career opportunities.
Leading by example to be the right partner for its stakeholders, the Group is committed to building a sustainable business over the long term and is trusted worldwide for upholding high standards of corporate governance, social responsibility, environmental protection and employee diversity. It employs 75,000 people, nearly half of who are women. The Group’s employees are of 115 nationalities, of which 60 are represented among senior management.
For more information, please visit: www.standardchartered.com