Retail Banks

Standard Chartered to boost Hong Kong staff

Standard Chartered will hire 300 to 500 additional staff in Hong Kong this year to tap the growth in loan and wealth management demand this year.

As reported in the SCMP, Standard Chartered Bank will hire 300 to 500 additional staff to add to its current headcount of about 5,800 in Hong Kong, CEO Mary Huen Wai-yi said.

 

“We need to hire more people as we expect there will be a good growth in loan and wealth management demand this year,” she said in a post-results briefing on Friday. “The reopening of the border is set to increase business opportunities in the Greater Bay Area, green finance, fintech and wealth management.”

 

Standard Chartered reported a net profit of USD2.55 billion last year, compared with USD1.91 billion in 2021. The bank’s business in Hong Kong, its largest market, reported an 8 per cent growth in operating income to USD3.72 billion last year.

Huen said the operating income in Hong Kong has returned to pre-Covid level of USD3.76 billion in 2019.