Standard Chartered's Karen Fawcett plugs trade factoring

2009 was a good year for Standard Chartered, something group head of transaction banking Karen Fawcett wants to repeat in 2010.
Karen Fawcett
Karen Fawcett

Standard Chartered Bank is the regional bank that can. Emboldened by its strong showing last year, and positive balance sheet over the past seven years, the institution has struck out with a new marketing campaign that makes the slightly extravagant claim that it is Here for good.

While only future historians will be able judge the bank's assertion, Karen Fawcett, group head of transaction banking at Standard Chartered, was quite confident of the staying potential of at least its transaction banking business in a recent conversation. She attributed the 5% year-on-year decline in revenue to the more than halving of cash management margins, but said the 26% increase in trade finance revenues came...

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