Saturday, June 22, 2024

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Standard Chartered Bank sets out its stall in Warsaw

Standard Chartered Bank has opened a new branch in Warsaw, with its first employees starting on November 1. 

Standard Chartered Bank is the hub for Standard Chartered’s EU activities. The new branch represents a key part of a broader strategic program aimed at developing the bank’s operations in Europe. It is well-positioned, both geographically and strategically, to further develop the business, providing quality middle- and back- office solutions, supporting regulated and client activities performed by the SCB teams headquartered in Frankfurt and working in the Paris and Stockholm offices.

After a successful opening of the Standard Chartered Global Business Services center in Warsaw in June 2018, which has grown to over 1,300 specialists to date, this will be the second entity established in Poland under the Standard Chartered brand. Located in the same modern facility at the Warsaw HUB, the branch will leverage a wide talent pool in terms of size and capabilities, as well as host certain activities in an efficient way, with full transparency, oversight and control.

“I am happy to see the continued growth of our strategic EU hub with the addition of the new branch in Warsaw. The unmatched range of specialist skills available in the Polish market will support our European operations, allowing us to unlock even more global opportunities. I am already impressed with the expertise that our colleagues in Poland are bringing to the bank and I am looking forward to working together,” said Nicolo Salsano, CEO, Standard Chartered Bank.

The main roles anticipated to be performed from the Poland branch will be Finance Functions, including Regulatory Reporting, Financial Reporting, Third Party Risk Management, Procurement, Financial Markets Risk and Control, Product and Valuation Controls along with a range of other support functions.

From a governance perspective, the branch is managed by Anna Urbanska, who has been appointed Branch Director, in addition to her current role of CEO, Global Business Services, Poland.

“After introducing the Standard Chartered brand in Poland just five years ago, I’m pleased to see the continuous development of the group’s activities in Europe. The establishment of the branch in Warsaw proves the bank’s trust in the high quality of services delivered from Poland and colleagues who are continuously engaged in knowledge-intensive processes,” said Urbanska.

“The opening of our new Poland Branch marks a significant milestone in the expansion of our Continental European franchise and demonstrates our commitment to delivering world class services to our valued clients. This development is testament to the hard work and dedication of our exceptional team and reinforces our commitment to be ‘Here for Good,’” said  Torry Berntsen, CEO, Europe and Americas, Standard Chartered Bank.

Erol Dzhelik
Erol Dzhelik
I think we can overcome global challenges with mutual understanding, international cooperation and diplomacy. We offer you this insight at Poland Weekly.