in Africa and the Middle East as it seeks to improve profits by focusing on faster-growing markets in the region.
The agreement is in line with Standard Chartered's global strategy "aimed at achieving operational efficiencies, reducing complexity, and driving scale," it said. "This strategic decision allows us to redirect resources within the AME region to other areas with significant growth potential," Sunil Kaushal, Standard Chartered's regional CEO for AME, said in the statement.