Standard Chartered Bank Starts Operations In Cote d’Ivoire


Standard Chartered Bank has begun services   in   Cote  d’Ivoire, thus  expanding  existing  regional securities  capabilities  to include the West African Economic and Monetary Union (UEMOA) region.

Cote  d’Ivoire  is  the  fourth  new  market  in  which Standard Chartered has launched  securities services, following the bank’s acquisition of Barclays Africa  securities  business  in  2010. This expansion aligns with the bank’s  ambition  to  be  the  preferred  provider  for  investors and intermediaries across Africa.

Commenting  on  the  launch, Serge Philippe Bailly, Chief Executive Officer for  Standard  Chartered  Côte  d’Ivoire,  said:  “By  offering  securities services  in  Cote  d’Ivoire  and  across  the  West African Monetary Union (WAMU),  Standard  Chartered  is enhancing the range of financial solutions and  capabilities we provide to support the growth and expansion of new and existing clients. Cote d’Ivoire, and more broadly West Africa, demonstrates immense  growth  and investment potential and Standard Chartered is committed to  facilitating  the growth of the region’s financial sector and realising our brand promise of being here for good.”

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With  Cote  d’Ivoire,  the  bank  will  now offer securities services in 10 African  markets  (Botswana,  Ghana,  Kenya,  Mauritius, Nigeria, Tanzania, Uganda,  Zambia,  Zimbabwe,  Cote d’Ivoire) with indirect capabilities in a further  seven   markets (Egypt, Malawi, Morocco, Namibia, South Africa and Tunisia.

—Henry Ojelu

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