2nd March, 2012
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.”
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