Standard Chartered has been in the UAE for more than 53 years since 1958. The UAE is one of Standard Chartered’s top five markets globally in terms of revenue (more than $1 billion — Dh3.67 billion). The bank has about 2,300 staff in the UAE representing 72 nationalities with 42 per cent comprising UAE nationals. Among the international banks, it has the largest network of branches in the UAE with 11 branches, four Electronic Banking Units and more than 130 ATMs.
In the Dubai International Financial Centre, the bank runs the largest trading floor in the Middle East, with more than 200 specialists on the floor to serve clients in regional and global financial markets.
As part of its expanding presence in the region, the bank has committed $140 million to construct a new regional head office in the region. The new head office will have eight floors, spanning 125,000 sq ft. Around 1,100 employees will be centralised in one office. The building is expected to be ready in early 2013.
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