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Standard Chartered Unveils International Trade Initiative Connectivity Program In UAE

Standard Chartered Bank has launched Connectivity Program, an initiative to boost international trade and economic ties between UAE businesses and the global markets and vice versa as well as to promote UAE as one of the attractive emerging markets in the region.

The program will open a new platform for existing and new clients to interact directly with the Standard Chartered Bank’s senior management and product specialists to gain local insights on the Gulf while having their immediate banking requirements addressed.

In addition, Standard Chartered Bank has also established dedicated client relationship team / desks for its Chinese and Korean markets, with Korean and Chinese speaking employees, who act as the central point of contact for clients interested in the UAE.

Hassan Jarrar, head of origination and client coverage for UAE at Standard Chartered Bank, said: “The ‘Connectivity Program’ was created to leverage opportunities arising from the shift in financial and economic powers from the western to the eastern markets.

“We believe our strategic market positioning within the Middle East allows us to bridge the gap between the different markets and cultures. Coupled with our expertise and deep understanding of the local markets, we have the advantage to tailor world-class and innovative solutions for our clients that enable them to unlock and more effectively manage their risks and liquidity.

“We have already made visits to the US and Europe and have come back with very positive responses from several multi-national companies who are looking to establish regional treasuries in Dubai. We are now reaching out to visit the Chinese and Korean markets.”