Bank to raise headcount by 58%

STANDARD Chartered bank is aiming to raise its headcount of 3,800 staff by 58 per cent to about 6,000 by 2010. 'We have every intent to be at the forefront in the continued growth of the financial centre in Singapore,' said group executive director, Asia, Mr Kai Nargolwala. The British-based bank's Singapore unit is in the top five contributors to group revenue and profit. Singapore is the global headquarters for most of Stanchart's businesses, including its consumer banking, corporate finance and debt capital markets.

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