Standard Chartered Bank, headquartered in London and Singapore, launched a new branch in Paris last Thursday.
The bank considers the new branch as having an ideal location for increasing trade and investment flows between its Asian, African, the Middle Eastern, and French markets. The location should benefit French firms seeking to capitalize on these flows as well.
Since France currently accounts for roughly 10% of European client revenue, the global corporates and financial institutions in France deems the expansion appropriate and necessary to accommodate its French clientele, corporates and financial institutions, according to a release from the firm.
The Paris-based team is led by Raoul Leblanc, Directeur de la Seccursale de Paris, who has been instrumental in expanding business with French clients during his ten years with Standard Chartered.Leblanc is joined by twenty relationship managers and specialists.