Standard Chartered opens UAE office in Abu Dhabi

UK-based global bank Standard Chartered has announced the opening of a new representative office in the UAE at the Abu Dhabi Global Market (ADGM).

The newly opened office, in addition to a regional headquarters in Dubai, will serve as a "touchpoint" for enterprises that are looking to access a wide variety of financial services offered by Standard Chartered, the company said in a statement today.

Rola Abu Manneh, CEO of Standard Chartered UAE, said: "The UAE continues to be a strategic market for us and our new office at ADGM is an additional step in bringing us closer to our clients in Abu Dhabi and across the Emirates.

"This milestone is also a testament to our confidence in the UAE's position as a global business hub and will aim to further support in the progression of Abu Dhabi's economic development."

Manneh added: "Through the establishment of this new location, Standard Chartered will continue to support the UAE's growth and development as a robust financial hub. Furthermore, the bank will be able to provide numerous financial services to a wide range of international, local, corporate and institutional clients that are looking to develop regional treasury and liquidity management centres in the UAE."

Standard Chartered has operations in more than 70 countries and has been active in the UAE for over 60 years. In line with Abu Dhabi's Economic Vision 2030, Standard Chartered is building an open, efficient, effective and globally integrated business environment.