Standard Chartered Officially Opens Its Greater Bay Area Centre

Standard Chartered Bank today announced the official opening of its Greater Bay Area (GBA) Centre, marking the completion of the US$40 million development. This underscores the bank's commitment to contribute to the growth of the Guangdong-Hong Kong-Macao GBA.

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Located at the heart of GBA in Guangzhou city, the Standard Chartered GBA Centre supports the dynamic and fastest growing opportunities in the new economy sectors in the region, serving the cross-border needs of clients across consumer, private, business, corporate, commercial, and institutional banking.

Serving as a key business, operations, and technology hub, the GBA Centre comprises the bank's banking centre and its support network to provide a full range of banking solutions for clients in the region. More than 700 employees are now based in the GBA Centre, and the number is expected to exceed 1,600 by 2023.

Benjamin Hung, Chief Executive Officer, Asia, Standard Chartered, said:"GBA is a strategic focus for Standard Chartered, and our GBA business will play an integral role in contributing to the bank's aspirations in Asia. This year, we are accelerating our focus in seizing China opportunity, with the ambition to double its profit contribution to the Group by 2024. We have committed a US$300m investment over the next three years into our China-related businesses and capabilities, including GBA."

Anthony Lin, Chief Executive Officer, Greater Bay Area, Standard Chartered, said:"The rapid development of the GBA has deepened the financial cooperation within the Guangdong-Hong Kong-Macao GBA. The rising inbound and outbound trade and investment flows open up greater opportunities to expand the regional financial ecosystem."

"As one of the first banks offering Wealth Management Connect services, our clients are able to leverage our global footprint and business expertise to fulfil cross-border banking needs. We are well-positioned to support the transformation needs of enterprises in supply chain and finance in coping with the challenge to support the "carbon peak" and "carbon neutrality" carbon targets in Mainland China and achieve a sustainable future."