Scope launches global private banking hub

Chennai, July 9: Scope International, the wholly owned subsidiary of Standard Chartered Bank today announced its global private banking hub here in the city.

A unit of Scope's consumer bank business vertical, the hub will cater to the requirements of high net worth customers from Jersey, Singapore, India, Hong Kong and UAE, the bank's global head Peter Flavel told newspersons.

"Scope's consistency in approach, metrics and control made it easier for the top team to decide to do its back-end operations out of Chennai", he said.

Scope processes over 80 millioln transactions for Standard Chartered Bank annualy, he said, adding based on the expertise it has acquired over a short span of five years and the efficiencies of scale it has been providing the bank, off-shoring processes to Scope was an obvious choice for the Standard Chartered.

He said "Scope's expertise in process design and execution, its flexible and versatile teams, benefit of neutral time zone and impeccable business continuity planning are advantages that the private bank will leverage to service its ever-increasing client base." Scope International CEO Sreeram said "shorter turnaround time are fundamental to superior customer service. At Scope we benchmark each process against the best in class and have consistently challenged ourselves to ensure that we meet and exceed expetations for each product or service".

"Our track record of 100 per cent accuracy in risk controlled processing has been the key to provide seamless service to the Bank", he said.

UNI