STANDARD Chartered Bank Group’s Chief Executive Officer Bill Winters is today visiting the bank offices in Tanzania.
The bank said in a statement in Dar es
Salaam yesterday during the visit, Mr Winters will meet the bank’s
internal and external stakeholders, with a view of exploring ways for
further enhancement of its business and support to economic growth in
the country.
Mr Winters was appointed to the Board of
Standard Chartered PLC as Group CEO on June 10, 2015, having joined the
group in May 2015.
Since taking over the bank’s leadership,
he has reviewed the bank’s strategy and confirmed the group’s
commitment to Africa, the bank’s Head of Corporate Affairs, Ms Juanita
Mramba, said in the statement.
Mr Winters announced new strategy in
November 2015 to reposition the bank to weather near-term uncertainties
and capture significant underlying opportunities. He announced the
bank’s investment of over 3 billion US dollars (over 6trn/-) in the next
three years, confirming Africa as one of the investment priorities.
“This is a 50 per cent increase in the
group’s recent investment spending and the most that the group has ever
invested,” the bank said in the statement.
Africa is the key market for the banking
group and part of the investment announced by Mr Winters will go into
building on the bank’s differentiating strengths to generate sustainable
profits for the long term.
Standard Chartered, listed on the London
and Hong Kong Stock Exchanges as well as Bombay and National Stock
Exchanges in India, is an international banking group, with around
84,000 employees and a 150-year history in some of the world’s most
dynamic markets
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