StanChart’s Emerging Markets Forex Expands With Purchase Of Grindlays
PEOPLE/INTERNET NEWS
LONDON--Standard Chartered is set to increase its forex coverage in South Asia and the Middle East with the acquisition of ANZ’s international subsidiary Grindlays Bank.
The $1.34 billion deal, which was agreed last Thursday, gives Standard Chartered--one of the leading banks in emerging markets forex--another 60 forex trading and sales staff across South Asia and the Middle East.
Grindlays has forex dealing rooms in all of its regional offices, including five in India alone.
Other countries with
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