Standard Chartered To Beef Up African Treasury Operations
BANKS
LONDON--Standard Chartered Bank is looking to strengthen its hub-and-spoke network spanning the continent of Africa following the appointment of Peter McLean as regional head of treasury for Africa. McLean says the network will link the bank's existing 10 dealing rooms in Africa using a common technology platform with London as the trading hub.
The three-year plan will involve upgrading technology and training in the region, as well as working with local regulators to develop the product range.
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