Acquisition

RNS Number : 6125M

Standard Chartered PLC

02 February 2009

 



Standard Chartered PLC - Completion of Acquisition

Monday, 2 February 2009

Standard Chartered completes acquisition of Cazenove Asia Limited

Standard Chartered announces the completion of the acquisition of Cazenove Asia Limited ('Cazenove Asia'), a leading Asian equity capital markets, corporate finance and institutional brokerage business, from JPMorgan Cazenove. The acquisition was announced on 13 November 2008 and was completed 30 January 2009.

Cazenove Asia, which is a member of the Hong Kong Stock Exchange, has offices in Hong Kong, Singapore, Shanghai and Beijing, and sales teams in New York and London. The acquisition gives Standard Chartered a strong equity markets platform to offer clients financing, distribution, equity research and enhanced advisory capabilities in key markets.

For further details please contact:

Stephen Atkinson, Head of Investor Relations

Tel: [phone]

Stephen. [e-mail] 

Arijit De, Head of Media Relations

Tel: [phone]

[e-mail]

Notes to Editors

Standard Chartered - leading the way in Asia, Africa and the Middle East

Standard Chartered PLC, listed on both the London Stock Exchange and the Hong Kong Stock Exchange, ranks among the top 25 companies in the FTSE-100 by market capitalisation. The London-headquartered group has operated for over 150 years in some of the world's most dynamic markets, leading the way in Asia, Africa and the Middle East. Its income and the number of employees have more than doubled over the last five years primarily as a result of organic growth and supplemented by acquisitions

Standard Chartered aspires to be the best international bank for its customers across its markets. The Bank derives more than 90 per cent of its operating income and profits from Asia, Africa and the Middle East, generated from its Wholesale and Consumer Banking businesses. The Group has around 1,750 branches and outlets located in over 70 countries. The extraordinary growth of its markets and businesses creates exciting and challenging international career opportunities.

Leading by example to be the right partner for its stakeholders, the Group is committed to building a sustainable business over the long term and is trusted worldwide for upholding high standards of corporate governance, social responsibility, environmental protection and employee diversity. It employs 75,000 people, nearly half of whom are women. The Group's employees are of 115 nationalities, of which 60 are represented among senior management.

For more information, please visit: www.standardchartered.com.

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