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333/365 – Standard Chartered Bank

Standard Chartered PLC is a British multinational banking and financial services company headquartered in London, United Kingdom.

It operates a network of over 1,700 branches and outlets (including subsidiaries, associates and joint ventures) across more than 70 countries and employs around 87,000 people.

It is a universal bank with operations in consumer, corporate and institutional banking, and treasury services. Despite its UK base around 90% of its profits come from Africa, Asia and the Middle East.

History

Chartered Bank  

The Chartered Bank was founded by Scotsman James Wilson following the grant of a Royal Charter by Queen Victoria in 1853.

Chartered opened its first branches in Mumbai, Kolkata and Shanghai in 1858, followed by Hong Kong and Singapore in 1859.

The Bank started issuing banknotes of the Hong Kong dollar in 1862. With the opening of the Suez Canal in 1869 and the extension of the telegraph to China in 1871, Chartered was well placed to expand and develop its business.

Standard Bank

The Standard Bank was a British bank founded in the Cape Province of South Africa in 1862 by another Scotsman, John Paterson.

Having established a considerable number of branches, Standard was prominent in financing the development of the diamond fields of Kimberley from 1867 and later extended its network further north to the new town of Johannesburg when gold was discovered there in 1885.

Half the output of the second largest gold field in the world passed through The Standard Bank on its way to London.

Notable employees

John Major, who served as prime minister of the United Kingdom from 1990 to 1997, was employed by Standard Chartered from May 1965, when he joined them as an executive.

He was transferred to Nigeria in 1967, and worked for the bank at home and abroad until he was elected to parliament at the 1979 general election as Conservative Party Member of Parliament (MP) for Huntingdon in Cambridgeshire.

Gerard Lyons has been employed by Standard Chartered since 1999.

Source: http://en.wikipedia.org/wiki/Standard_Chartered

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