In line with its commitment to the Egyptian market: Standard Chartered holds Thought Leadership Conference in Egypt

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) June 7, 2011 -- Cairo, 7 June, 2011 – Standard Chartered recently held its First Thought Leadership Conference in Cairo, Egypt. Standard Chartered’s Thought Leadership Conference was attended by Senior Bankers representing the various financial institutions operating in Egypt. The Conference discussed the latest trends and issues facing the MENA banking industry and is a clear indication of Standard Chartered’s commitment to the Egyptian market.

Commenting on the conference, Amr Abbas, CEO Standard Chartered Egypt said:

“This conference comes at an ideal time and is a clear indication to our commitment to support the Egyptian market through these challenging times. With our deep understanding of the local market, and a strong footprint in some the world’s most dynamic markets, Standard Chartered is ideally positioned to provide its clients with innovative and top of the line banking and finance products and services.”

At the conference, Standard Chartered held a session to discuss the Internationalisation of the Renminbi (or the Chinese Yuan) and its impact on the global and regional financial landscape. In addition, a panel discussion was hosted to discuss the latest trends and challenges in trading with the Chinese market. Philippe Dauba Pantanacce, Senior Economist, Standard Chartered discussed the latest economic trends and issues in the region. Maha Salem, Regional Clearing Product Head, MENA & Africa, presented on the new trends and developments in respect to clearing and a session was also conducted on Financial Markets.


Motasim Iqbal, Regional Head of Transaction Banking (Banks Segment), MENA, Standard Chartered said:

“Standard Chartered has a set clear global strategy which aims to lead the way in Asia, Africa and the Middle East. This conference is an ideal platform for us to interact with our clients and to identify their specific needs and challenges. The conference aims to support the Egyptian market in its strong potential for cross border trade activities with the emerging markets of Asia, Africa and the Middle East.”

Standard Chartered is a leader in providing local banks with US dollar and Euro Clearing and trade finance services. The Bank also provides correspondent banking services and has a significant market share