Standard Chartered has opened its first brokerage business in Hong Kong, causing shares of company to rise 2.2% in Japan trading. The company has 100 employees so far, 20 of whom will meet with life insurers, brokerages, banks and asset managers within Hong Kong to sell products that invest in countries that possess the potential for fast economic growth. In addition, Standard Chartered's Hong Kongese securities unit will also set up an investment-banking business in the region to raise funds in capital markets in Asia, the Middle East and Africa.
Standard Chartered has opened its first brokerage business in Japan, causing shares of company to rise 2.2% in Hong Kong trading. The company has 100 employees so far, 20 of whom will meet with life insurers, brokerages, banks and asset managers within Japan to sell products that invest in countries that possess the potential for fast economic growth. In addition, Standard Chartered's Japanese securities unit will also set up an investment-banking business in the region to raise funds in capital markets in Asia, the Middle East and Africa.