Quick Stats

Type – Public,LSE: STAN,SEHK: 2888,OTCBB: SCBFF
Industry – Banking,Financial services
Area served – Worldwide
Key people – John W. Peace(Chairman of the Board),Peter A. Sands(CEO),
Products – Finance and insurance,Consumer Banking,Corporate Banking,Investment Banking,Investment Management,Private Banking,Private Equity,Mortgage loans,Credit Cards
Revenue – $15.184 billion (2009)
Operating income – ? $5.151 billion (2009)
Net income – $3.477 billion (2009)
Total assets - $436.653 billion (2009)
Total equity – $27.930 billion (2009)
Employees – 80,000 (2010)
Website – StandardChartered.com or SC.com

Brief History – Standard Chartered Bank Profile

The Chartered Bank was founded by Scotsman James Wilson following the grant of a Royal Charter by Queen Victoria in 1853, while The Standard Bank was founded in the Cape Province of South Africa in 1862 by another Scotsman John Paterson. Both companies were keen to capitalise on the huge expansion of trade and to earn the handsome profits to be made from financing the movement of goods from the East to Europe.

In 1969, the banks decided to merge, and to counterbalance their existing network by expanding in Europe and the United States, while continuing their expansion in their traditional markets in Asia and Africa.

Recent Happenings

Despite its British base, it has few customers in the United Kingdom and around 90% of its profits come from Asia, Africa, and the Middle East. Because the bank’s history is entwined with the development of the British Empire, its operations lie predominantly in former British colonies, though over the past two decades it has expanded into countries that have historically had little British influence. It aims to provide a safe regulatory bridge between these developing economies.

Standard Charted Bank now focuses on consumer, corporate, and institutional banking, and on the provision of treasury services—areas in which the Group had particular strength and expertise.

Standard Chartered have recently signed a four-year sponsorship deal with the football club Liverpool F.C, which started on 1 July 2010.

Operations

In 2000, Standard Chartered acquired Grindlays Bank from ANZ Bank, increasing its presence in private banking and further expanding its operations in India and Pakistan. Standard Chartered retained Grindlays’ private banking operations in London and Luxembourg and the subsidiary in Jersey, all of which it integrated into its own private bank.

Standard Chartered Bank Malaysia (sometimes known as Standard Chartred Malaysia) is also very prominent as we as Standard Chartered Bank New York, Pakistan and India.