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

DUBAI : Standard Chartered 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.

The licence helped the bank to expand beyond the capital markets business it has conducted in the country since 2011. "Do remember we have a large presence in the regional office, so some of it will be fresh hires, some of it will be moves from here to the kingdom," he told Reuters. Kaushal said the bank's strategy in Saudi Arabia is to work with subsidiaries of global corporates and financial institutions, while taking part in transactions that contribute to the country's economic development."For many years to come Saudi Arabia would be - for this region Africa and the Middle East - frontrunner when it comes to contribution," Kaushal said.

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