Standard Chartered Chief Executive Bill Winters, Standard
Chartered Bank Korea CEO Lee Kwang-hee and employees cheer at
the head office of the Korean lender in Seoul on Wednesday. Photo courtesy of Standard
Chartered Bank Korea
SEOUL, March 12 (UPI) — Standard Chartered Chief Executive Bill Winters reaffirmed the bank’s commitment to the South Korean market during his visit to its subsidiary in the country this week.
Standard Chartered Bank Korea said Thursday that Winters traveled to Seoul to hold the London-based financial conglomerate’s management team meeting and a global town hall event.
The Korean unit noted the high-profile meetings in Seoul demonstrated South Korea’s role as one of the group’s strategic markets and a major financial hub in Asia.
“Korea is a strategically important market for Standard Chartered, and we remain deeply committed to investing in its long-term growth,” Winters said in a statement.
“We are dedicated to driving economic growth, and we have strong confidence in the potential of the Korean market, which is dynamic, innovative, and constantly evolving,” he said. “We will continue to fully support and work in close partnership with our clients, business and communities in Korea.”
Winters’ schedule included a session with the bank’s next-generation leaders. He also met major clients in the Korean market and visited a recently launched priority private center here.
Standard Chartered Bank Korea is a lender that was first established in 1929. In early 2005, Standard Chartered spent $3.3 billion to acquire it.
The Korean affiliate’s CEO, Lee Kwang-hee, said that the bank would focus on providing differentiated wealth management and corporate banking services.