Thursday, May 31, 2007

Standard Chartered Plans to Move 50 to 100 London-Based Bankers to Dubai

(Bloomberg) -- Standard Chartered Plc, a U.K. bank
that makes most of its money in Asia, plans to move between 50
and 100 banking positions from London to Dubai, United Arab
Emirates.

Teams trading interest rates and the currencies of G10
countries, those specializing in Africa and the team that
monitors Standard Chartered's loan portfolio will be asked to
move to Dubai, London-based spokesman Sean Farrell said today.
The bank doesn't plan any redundancies, he said.


Read more at Bloomberg Currencies News

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