Bank to launch enhanced cash and liquidity management tools
United Arab Emirates, 16 December, 2012 – Standard Chartered recently held a client conference focusing on liquidity management, which is the lifeblood of organisations. “Managing Liquidity in a Dynamic economic Environment” was an exclusive event attended by a select group of senior finance and treasury executives to discuss optimization of cashflow and working capital management. The Bank also presented and discussed with clients its plans to revamp its cash and liquidity management platform during the first quarter of 2013.
At the seminar, Philippe Dauba-Pantanacce, Senior Economist at Standard Chartered discussed global, regional and local economic outlook for 2013. Product specialists and Senior Executives provided insights on latest trends and developments in the field of Cash and Working Capital Management.
Commenting on the importance of cash management and the capabilities of Standard Chartered in this field, Haytham El Maayergi, Head of Transaction Banking, Standard Chartered UAE said:
“Stressed market conditions led organisations to increasingly focus on Cash and Liquidity Management to support business growth and manage their costs and investments. Standard Chartered is continuously investing in its capabilities and will launch during the first quarter of 2013 leading solutions that improve efficiency, manage risk and strengthen cash management processes for clients globally and in the region. With deep local expertise and a strong footprint across the world’s most dynamic markets of Asia, Africa and the Middle East, Standard Chartered will continue to be well placed to offer a full range of working capital solutions.”
Standard Chartered has been operating in the UAE since 1958 and has the largest distribution network among international banks with 11 branches four Electronic Banking Units and more than 130 ATMs and CDMs.