Stanchart opens global business centre in Bengaluru

Bengaluru: British banking and financial services major Standard Chartered plc on Tuesday opened its global business services centre here.

“The centre will complement our similar centres in China, India and Malaysia where 19,000 people are employed,” said the global bank in a statement here.

The company plans to have 30 per cent of its business services employees in its Bengaluru centre in the next few years, doubling its unspecified current headcount.

“The Bengaluru centre and its proposed expansion is part of our 2015 strategy to invest $3 billion (Rs 19.5 crore) in technology and systems,” said the statement.

The hi-tech facility in the city’s southeast suburb will deliver global support, client due diligence and advisory services to corporate and institutional and retail banking, compliance, human resources, risk management and finance, using data and robotics.

“As India is a key market for us, investment in Bengaluru is a testament of our intent to grow our capabilities and be on the forefront of banking,” said Stanchart India Chief Executive Zarin Daruwala.

The facility will also house the bank’s centres of excellence in data analytics, software development, anti-money laundering, financial crime surveillance and financial control.

Noting that technology was at the heart of the bank’s growth strategy, the bank’s Chief Information Officer Michael Gorriz said investment in the Bengaluru centre would attract talent pool to become a digital bank with a human touch.

“We are here to attract best minds which can redefine banking for the world. Bengaluru will be a key location for our other global centres, providing support and advisory capabilities to our businesses in 68 markets the world over,” he added.