Standard Chartered

Standard Chartered

Standard Chartered is a british multinational banking and financial services company founded by James Wilson.

Standard Chartered is a London-based multi-national banking and financial services company. The bank operates in more than sixty markets and and employs more than 86,000 people through it's various locations. It's headquarters are in London. Standard Chartered offers private and commercial banking services.

In 2018, Standard Chartered applied for a virtual banking licence with the Honk Kong Monetary Authority (HKMA). Standard Chartered won the licence in May of 2019.


Incorporated in 1969 after the merger of the Standard bank of British South Africa and the Chartered bank of India, Australia and China. Standard Bank was originally founded by John Paterson in 1862 in Port Elizabeth. Chartered bank was originally founded by James Wilson in 1853. The name, Standard Chartered, comes from these two banks.

Since their founding, both Standard bank and Chartered bank focused their growth in emerging markets, such as tea, indigo, tobacco, hemp, silk, and diamonds. These markets were outside of the wider European community. Standard Chartered continues to focus their growth in markets outside of Europe.

In 1986, Lloyd's Bank made a hostile takeover bid of Standard Chartered. The bid was opposed with the help of Yue-Kong Pao, Tan Sri Khoo and Robert Holmes a Court.


In 2000, Standard Chartered acquired Grindlay's from Australia and New Zealand Bank (ANZ) for £848 million. The acquisition grew Standard Chartered's presence in India, while extracting ANZ from the emerging markets risk.

In 2005, Standard Chartered beat HSBC Holdings in a big to acquire Korea First Bank for $3.3 billion. The acquisition grew Standard Chartered's presence in South Korea.

Legal history

In 2012, Standard Chartered agreed to a USD $670 million settlement with US regulators over allegations the bank breached sanctions with Iran. The allegations suggested Standard Chartered helped Iranian clients around US financial sanctions. Detailed were around 60,000 transactions between 2001 and 2007. Part of the settlement with the U.S. Department of Justice saw the bank under supervision by an independent monitor. The bank also agreed to establish a financial crime risk mitigation program and upgrade its technology to meet the U.S. Department of Justice standards.

In 2019, Standard chartered was fined USD $900 million by US regulators over breaches of their settlement agreement of 2012 and £102 million to Britain's Financial Conduct Authority (FCA). The US regulators fine is for breaches to US sanctions against Burma (Myanmar), Cuba, Iran, Sudan and Syria. The FCA fine is for, what they called, serious and sustained shortcomings in Standard Chartered's financial crime controls.


July 8, 2020

Standard Chartered announces it has joined the IBOS Association (IBOS), an international banking network.

September 4, 2019

Standard Chartered launches DigiSmart credit card.

Mumbai, Sep 3 (UNI) Standard Chartered Bank on Tuesday announced the launch of its "DigiSmart" credit card focused primarily on the ever-growing segment of millenials.

September 3, 2019

Standard Chartered Bank and Traydstream today announce the sealing of a strategic agreement to introduce Traydstream's digital trade document matching services to the bank's clients.

August 5, 2019

Standard Chartered announced on Aug. 5 that the institution successfully ran their first joint deep-tier supply chain financing transaction in partnership with China-based supply chain financing service provider Linklogis.

July 8, 2019

Standard Chartered HK introduces keyboard-based banking solution - FinanceFeeds

April 9, 2019

U.S. Treasury Department Announces Settlement with Standard Chartered Bank | U.S. Department of the Treasury

As part of a combined $1.1 billion settlement with federal, state, local, and United Kingdom government partners, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) today announced a $639 million agreement with Standard Chartered Bank (SCB) to settle its potential civil liability for apparent violations of U.S. economic sanctions.

April 2019

Standard Chartered faces fine for sanctions breaches.

March 18, 2019

Standard Chartered introduces SC Ventures Fintech Bridge.

October 11, 2018

Standard Chartered, Huawei partner over IoT solution aiming to transform corporate communication with banks - FinanceFeeds

August 30, 2018

Blockchain technologies make further strides in the finance industry, as Standard Chartered announces today a partnership with Siemens Financial Services, the financing arm of Siemens, and TradeIX, a digital trade provider, to carry out a client pilot to create an end-to-end blockchain-based smart guarantees proposition in trade finance.

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Amanda Mellor

Group Company Secretary

Andy Halford

Group Chief Financial Officer

Benjamin Hung

Regional CEO, Greater China & North Asia and CEO, Retail Banking, and Wealth Management

Bill Winters, CBE

Group Chief Executive

Carlson Tong

Independent Non-Executive Director

Christine Hodgson

Senior Independent Director

David Connor

Independent Non-Executive Director

David Fein

Group General Counsel

David Tang

Independent Non-Executive Director

David Whiteing

Group Chief Operating Officer

Deniz Güven

CEO of Standard Chartered Virtual Bank

Dr Byron Grote

Independent Non-Executive Director

Dr Louis Cheung

Independent Non-Executive Director

Dr Michael Gorriz

Group Chief Information Officer

Dr Ngozi Okonjo-Iweala

Independent Non-Executive Director

Gay Huey Evans, OBE

Independent Non-Executive Director

Jasmine Whitbread

Independent Non-Executive Director

José Viñals

Group Chairman

Judy Hsu

Regional CEO, ASEAN & South Asia

Mark Smith

Group Chief Risk Officer

Mary Huen

CEO of Standard Chartered Bank (Hong Kong) Limited

Naguib Kheraj

Deputy Chairman

Samir Subberwal

Regional Head of Retail Banking, Greater China and North Asia

Simon Cooper

CEO Corporate, Commercial and Institutional Banking

Sunil Kaushal

Regional CEO, Africa & Middle East

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