11th Jul 2016 05:36
LONDON (Alliance News) - Standard Chartered PLC has started its first brokerage business in Japan with 100 employees as institutional investors in the country seek products from emerging markets in Asia, the Middle East and Africa for better returns, Bloomberg reported.
Of the 100 staff, the UK bank will deploy 20 salesmen to meet with Japanese life insurers, brokerages, banks and asset managers to sell products that invest in developing countries with potential for fast economic growth.
The report said the Japanese securities unit will also start an investment-banking business that would advise local corporate clients and financial firms to raise funds in capital markets in Asia, the Middle East and Africa.
Copyright RTT News/dpa-AFX
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