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March 05, 2024

Standard Chartered Bank chooses Philippines for strategic subsidiary

Standard Chartered Bank (SCB) establishes its wholly-owned subsidiary, Standard Chartered Group Services Manila Inc. (SCGS Manila), in the Philippines, capitalizing on the nation’s vibrant young workforce and strategic regional positioning.

This move aligns with SCB’s commitment to the Philippines and leverages the country’s exceptional talent pool to provide global services in technology, finance, cyber security, and banking operations.

SCGS Manila, joining SCB’s Global Business Services (GBS) network, is set to be fully operational in 2024, reinforcing the bank’s dedication to excellence and cost-effective solutions for its clients worldwide.