Standard Chartered has announced the opening of its newest representative office in the United Arab Emirates at the Abu Dhabi Global Market (ADGM).

The newly opened office will serve as an important touchpoint for enterprises that are looking to access a wide variety of financial services offered by Standard Chartered.

Rola Abu Manneh, CEO of Standard Chartered UAE, said: “At the Bank, the UAE continues to be a strategic market for us and our new office at ADGM is an additional step in bringing us closer to our clients in Abu Dhabi and across the Emirates.

“This milestone is also a testament to our confidence in the UAE’s position as a global business hub and will aim to further support in the progression of Abu Dhabi’s economic development. We are pleased to be opening our representative office at ADGM, a truly dynamic financial centre, and look forward to further supporting the growth and vision of the emirate.”

As Standard Chartered continues to champion the latest in banking technologies, ADGM’s stature as a progressive international financial centre serves as the ideal backdrop for the progression of the bank’s digital agenda.

Abu Manneh added: “Through the establishment of this new location, Standard Chartered will continue to support the UAE’s growth and development as a robust financial hub. Furthermore, the Bank will be able to provide numerous financial services to a wide range of international, local, corporate and institutional clients that are looking to develop regional treasury and liquidity management centres in the UAE. The Bank will achieve this objective by leveraging ADGM’s progressive and efficient regulatory framework.” – TradeArabia News Service