Standard Chartered (2888) is investing US$40 million (HK$312 million) in the Standard Chartered Greater Bay Area Centre in Guangzhou, and plans to add more than 1,600 staff over the next three years there, after regulators revealed the unveiled cross-boundary wealth management connect pilot scheme last month. The center will open this quarter. “The Greater Bay Area is a core area of focus for Standard Chartered, and we are using our talent, technology and deep client knowledge to develop innovative new products and services to support the GBA initiative,” chief executive Bill Winters said in a statement.

Source: The Standard July 20, 2020 07:18 UTC