Standard Chartered supports investors’ ASEAN expansion

16:55 | 16/05/2017 Finance - Banking

(VEN) - Standard Chartered Bank expressed its strong commitment in supporting ASEAN companies to expand regionally and internationally at an investors meeting entitled “Bridging ASEAN” held on 16 May, in Ho Chi Minh City, Vietnam.  

The meeting attracted about 120 business leaders from Malaysia, Singapore, Thailand, Indonesia and Vietnam. Experts including Saket Sarda, Head of Trade, ASEAN & South Asia, and Edward Lee, Head of ASEAN Economic Research of Standard Chartered Bank; and Theng Bee Han, President of Malaysia Business Chamber Vietnam, shared insights of the latest global, regional and local developments and how having a strong partner such as Standard Chartered can help to fulfill the growth aspirations of businesses across ASEAN.

Nirukt Sapru, Chief Executive Officer of Standard Chartered Bank Vietnam, said: “In our 150 years in ASEAN, we have developed deep local insights into each market, and grown our network to be the only international bank operating in all 10 ASEAN markets. With our vast experience, extensive network and in-depth knowledge, we had the privilege of supporting and growing with the region, while constantly striving to have a socio-economic impact with our footprint. I am very confident that with our advanced capabilities, we are well positioned to help more ASEAN investors fulfill their internationalization plans by providing seamless cross border solutions for payments, trade, investment and wealth”.

Theng Bee Han, President of Malaysia Business Chamber said: “I am seeing increasing interest from Malaysian and other ASEAN investors in expanding their trade links and investment with Vietnam and across the region. Malaysia Business Chamber functions as a gateway for many of our fellow Malaysian investors. We highly appreciate the opportunity to work with Standard Chartered Bank to host this content rich meeting to provide values for our members. We believe that financial institutions can play a big role in facilitating trade and development in ASEAN”.

Standard Chartered Bank opened its first office in Vietnam in 1904 and has been present in Singapore for 158 years, in Indonesia for 154 years, in Malaysia for 142 years and in Thailand for 123 years. It is currently the only international bank present in all ten ASEAN markets. The Bank has been leading the way in providing sophisticated and customised services and solutions for its clients in the ASEAN region, ranging from Leveraged Finance, Structured Trade Finance, M&A Advisory, Debt Capital Markets, and Syndicated Loans to Project & Export Finance, Shipping Finance & Lease Product Offerings.

In March 2017, Standard Chartered Bank Vietnam is named “Best in Treasury & Working Capital for MNC/LLCs and FIs/NBFIs” and “Best Service Provider in Transaction Bank, Cash Management and E-Solutions Partner Bank” by the Asset.

My Phung