Home Markets StanChart to add bankers in sustainable finance, capital markets in Saudi Arabia

StanChart to add bankers in sustainable finance, capital markets in Saudi Arabia

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A logo of Standard Chartered is displayed at its main branch in Hong Kong, China, Aug. 1, 2017. REUTERS/Bobby Yip/File Photo

DUBAI, Sept 15 (Reuters) – Standard Chartered (STAN.L) is looking to add bankers to focus on sustainable finance, project finance and capital markets in Saudi Arabia, a market it sees will become a “front-runner” for its regional business in coming years, a senior executive said.

Standard Chartered this year began offering banking services through its branch in Saudi Arabia with a team of 25 people after it was granted a banking licence in 2019.

The licence helped the bank to expand beyond the capital markets business it has conducted in the country since 2011.

“This has just been a start and we will continue to add as business grows. We have the capacity to quite easily double what we have currently,” Sunil Kaushal, the bank’s regional CEO for Africa and Middle East, said, referring to staff numbers.

“Do remember we have a large…

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