Standard Chartered PLC was incorporated in England and Wales on November 18, 1969 and is registered as a public limited company pursuant to a merger of the Chartered Bank and The Standard Bank . Both banks were established in the mid-nineteenth century and their origins lie in financing trade in the emerging markets of Asia and Africa. The company changed its name from Standard Chartered Bank Public Limited Company to Standard Chartered PLC on January 1, 1985.
The Chartered Bank opened its first branches in Mumbai, Kolkata and Shanghai in 1858, followed by Hong Kong in 1859 and was given a licence to issue Hong Kong bank notes in 1862. The company’s shares and preference shares are listed on the official list and traded on the London Stock Exchange. The company’s shares are listed on the premium segment of the official list and the company’s preference shares are listed on the standard segment of the official list. Its shares are also listed and traded on the Hong Kong Stock Exchange.
The company is headquartered in the UK where it is regulated by the FSA. The group’s head office provides guidance on governance and regulatory standards across the group’s network.
Business area of the company
The company operates through a number of subsidiaries including SCB, one of the leading international banking and financial services company. SCB particularly focuses on the markets of Asia, Africa and the Middle East. The company has no significant operations or assets other than its 100% interest in SCB.
For the year ended 31 December 2009, Consumer Banking and Wholesale Banking contributed 17% and 79% respectively, of Standard Chartered’s operating profit before taxation and impairment.
Product Mix of the company
Principal Subsidiaries of the company
The company has over 300 direct and indirect subsidiaries, joint ventures and associates. They contribute approximately 90% of the group’s business in terms of total operating income as at 31 December 2009.
Some of the principal subsidiaries of the company are:-
Awards and Achievements
Asian Banking & Finance Retail Banking Awards 2012Asia Risk Awards 2012The Asian Private Banker Awards 2012Global Finance Best Foreign Exchange Providers Awards 2012Global Finance Best Supply Chain Finance Provider 2012IFR Awards 2012Private Banker International Global Wealth Awards 2012Retail Banker International Awards 2012
Awards for Excellence 2013World's Best Supply Chain Finance Provider 2013World's Best Sub-Custodian Banks 2013Asia Risk Awards 2013The Asset Triple A Asset Servicing, Fund Management and Investor AwardsBank of the Year Awards 2013IFR Asia Awards 2013WealthBriefingAsia Awards 2013'