Saturday, November 21, 2009

Standard Chartered Bank Opens New State-of-art Dealing Room

Standard Chartered Bank Gambia has opened its brand new, state-of-the-art Dealing Room in a short but impressive ceremony today.

The new Dealing room which was formally opened by the Governor of the Central Bank, Mr. Bamba Saho and Standard Chartered Gambia, CEO, Mr. Humphrey Mukwereza in attendance, is a result of a USD100, 000 investment which is another sign of the Bank’s continued investment in The Gambia.

The infrastructure in the Dealing Room will allow the Bank to provide its customers with real time global macroeconomic and local indicators which will include interest rates, exchange rates and commodity prices.

It will also ensure that Standard Chartered Gambia provides value adding products such as commodity and derivatives hedging which will ensure that the Bank’s customers mitigate their risk and increase their rewards. The Dealing Room is also equipped with the online dealing platform (OLT3) where the customers will be able to conclude foreign exchange transactions from the comfort of their offices.

Commenting, Mr. Bamba Saho, Governor of Central Bank stated “a modern Dealing Room is a key component of the infrastructure necessary for successful international treasury operations. Robust trading systems give investors confidence - a top priority in the current environment”.

The new Dealing Room will support the Bank’s global Financial Markets business, enhance our Financial Markets’ proposition across Africa, increase operational efficiency, and enable the Bank in The Gambia to operate with international treasury-dealing standards.

Standard Chartered Gambia CEO Humphrey Mukwereza, said that “the new facilities have put the Bank’s system at par with global treasury operations standards - an opportunity that our business will readily seize. Standard Chartered’s continued investment in our systems, infrastructure and people in The Gambia is a real sign of our confidence in the long-term resilience of the Gambian economy and of the confidence we have in our business and franchise in West Africa”.

Commenting, Standard Chartered Gambia Head of Wholesale Banking, Bai Mass Saine, stated that “as the leading international bank in The Gambia, Standard Chartered Bank will continue to lead the way in the financial services sector by providing innovative products and solutions, combined with outstanding customer service”.

Standard Chartered Bank Gambia limited remains committed to bringing meaningful investment and delivering superior financial services while continuing to be the Right Partner in The Gambia.

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