September 01, 2014 8:42 PM ET

Banks

Company Overview of Standard Chartered Bank Singapore

Company Overview

Standard Chartered Bank Singapore provides personal, SME, preferred, priority, private, and wholesale banking services. Its deposit products include savings, foreign currency, and current accounts; and time deposits. The company’s portfolio of loan comprises personal, installment, HDB bridging, term, business installment, business property, home, and home renovation loans; real estate, auto, and cross-border trade financing; and salary advance and standby lines of credit, structured lending, investment leverage, overdrafts, and letters of guarantee. Standard Chartered Bank Singapore also offers credit cards; unit trust investment, equities trading, foreign currency investment, structured dep...

6 Battery Road

Singapore,  049909

Singapore

Founded in 1859

Phone:

65 6376 2000

Fax:

65 6224 6678

Key Executives for Standard Chartered Bank Singapore

Chief Executive Officer
Age: 55
Executive Vice Chairman of Standard Chartered - China and Chief Executive of Standard Chartered - China
Chief Executive of Asia and Stanchart Asia Group Executive Director
Age: 53
Head of Consumer Banking
Age: 48
Global Head of Credit Trading
Compensation as of Fiscal Year 2014.

Standard Chartered Bank Singapore Key Developments

Monetary Authority of Singapore Takes Supervisory Action Against Standard Chartered Bank

Monetary Authority of Singapore has taken supervisory actions against Standard Chartered Bank over the theft of bank statements belonging to some private-banking clients. MAS said that it has done so over the theft, which occurred at a third-party service provider. It had stunned customers last December with the announcement that some of its clients' data had been stolen; 647 bank statements of private-bank clients had been found on a computer belonging to alleged hacker James Raj Arokiasamy. The documents were stolen in March 2013 from a server at Fuji Xerox Singapore, which prints these statements for StanChart's private-banking customers.

Standard Chartered Bank Singapore Announces Management Changes

Neeraj Swaroop will become chief executive of Standard Chartered Bank Singapore from March 31. Mr. Swaroop's appointment comes amid a major restructuring at Standard Chartered Bank (StanChart), with a renewed emphasis on Asean and Singapore, the key to capitalising on the region's growth opportunities. Mr. Swaroop replaces Ray Ferguson who quit the bank to join Arab Banking Corporation. Mr. Swaroop most recently served as CEO for Asean excluding Singapore, responsible for the bank's franchise and operations in Australia, Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Thailand and Vietnam.

Standard Chartered Bank Singapore Announces Executive Changes, Effective March 28, 2014

Ray Ferguson, chief executive of Standard Chartered Bank Singapore, has quit to join Arab Banking Corporation as executive vice-president and group chief banking officer. Ray Ferguson has decided to leave Standard Chartered Bank with effect from 28 March 2014. Mr. Ferguson, a banker with StanChart in a career that has spanned 28 years, has held senior management positions across key markets including country and regional chief executive roles in South-east Asia, Singapore, the Americas, the UAE, Oman, Indonesia and Taiwan. He has led Standard Chartered Bank's overall franchise in Singapore since 2009. Neeraj Swaroop, currently chief executive officer, Asean (excluding Singapore), will be appointed chief executive of Standard Chartered Bank in Singapore, subject to the necessary regulatory approval.

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