Standard Chartered expands capabilities in Asia

Standard Chartered opens a Taiwan desk in Vietnam and adds to its oil and gas team.

With its local subsidiary operational, Standard Chartered Bank has opened a Taiwan desk in Vietnam catering to growing bilateral trade flows.

On August 1, the State Bank of Vietnam approved Standard Chartered to open a wholly foreign-owned local subsidiary in the country. With the new status in hand, the bank is responding to customer demand with a new Taiwan desk providing trade and wholesale banking products to Standard Chartered customers in the country.

The desk, more of a unit than a physical desk, will focus primarily on trade relationship management. It is the first such desk in Vietnam.

Jerry Ngo, managing director and head of origination and client...

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