Standard Chartered

Standard Chartered PLC is a British multinational banking and financial services company headquartered in London. It operates a network of more than 1,200 branches and outlets (including subsidiaries, associates and joint ventures) across more than 70 countries and employs around 87,000 people. It is a universal bank with operations in consumer, corporate and institutional banking, and treasury services. Despite its UK base, it does not conduct retail banking in the UK, and around 90% of its profits come from Asia, Africa and the Middle East.

Standard Chartered has a primary listing on the London Stock Exchange and is a constituent of the FTSE 100 Index. It had a market capitalisation of approximately £15 billion as of 20 January 2016, the 28th-largest of any company with a primary listing on the London Stock Exchange. It has secondary listings on the Hong Kong Stock Exchange and the National Stock Exchange of India. Its largest shareholder is the Government of Singapore-owned Temasek Holdings.

Chartered Bank of India, Australia and China

The Chartered Bank of India, Australia and China (informally The Chartered Bank) was a bank incorporated in London in 1853 by Scotsman James Wilson, under a Royal Charter from Queen Victoria.

Though lacking a truly strong domestic network in Britain, it was influential in the development of British colonial trade throughout the East of Suez.

In 1969 Chartered Bank merged with Standard Bank, which did business throughout Africa. The merged enterprise was incorporated in London under the name Standard Chartered.

History

Early years : 1853 to 1900

The Chartered Bank of India, Australia and China - a bank incorporated in London, was founded in 1853 in Karachi (now in Pakistan) by James Wilson; following the grant of a Royal Charter from Queen Victoria.

In 1858, it opened its first branches in Calcutta, Bombay and Shanghai. The bank's operations were expanded to Hong Kong and Singapore in 1859, followed by Karachi in 1863. Chartered bank was keen to capitalise on the huge expansion of trade between India and China and other British possessions in Asia; and the handsome profits that could be made from financing the movement of goods from Europe to Far East. It competed with the other great British banks of that time - Oriental Bank Corporation, the Hongkong & Shanghai Bank and Mercantile Bank of India, London and China.

Standard

Standard may refer to:

Flags

Norm or requirement

Any norm, convention or requirement

Herman Kasekende

Herman Kasekende is a businessman, economist & bank executive in Uganda, the third-largest economy in the East African Community. He is the current Managing Director and Chief Executive Officer of Stanchart Uganda, the second-largest commercial bank by assets, valued at nearly US$965 million, as of December 2012.

Background and education

Kasekende was born in the Central Region of Uganda circa 1960. He studied at St. Henry's College Kitovu, for his O-Level and A-Level education. is primary degree in Economics was obtained from Makerere University. He holds the degree of Master of Arts in International Economics & Finance, from Brandeis University.

Career

During the 1990s, Kasekende worked at Nile Bank Limited, a small indigenous financial services provider founded in 1988, which was acquired by Barclays Bank in 2007. In 1998, he left Nile Bank and joined Standard Chartered Uganda (SCBU). At SCBU, he has served in different capacities, including as: