Standard Chartered Bank in Singapore is part of an international banking group, with more than 160 years of history in some of the world's most dynamic markets. Our purpose is to drive commerce and prosperity through our unique diversity, and our heritage and values are expressed in our brand promise, Here for good.
The Bank has a history of 160 years in Singapore, where we opened our first branch in 1859. In October 1999, we were among the first international banks to receive a Qualifying Full Bank (QFB) licence, an endorsement of the Group's long-standing commitment to our business in the country.
Singapore is home to the majority of our global business leadership, our technology organisation, as well as SC Ventures, our innovation hub. In 2013, the Bank transferred our Singapore Retail and SME businesses to a locally-incorporated subsidiary, Standard Chartered Bank (Singapore) Limited ("SCBSL"). In 2018, we announced our intention to fully consolidate our business operations in Singapore through the transfer of our Commercial Banking, Corporate & Institutional Banking and Private Banking businesses to SCBSL. SCBSL is one of the highest-rated banks globally: A by Standard & Poor’s, Aa3 by Moody’s Investor Services and A by Fitch Ratings.
In Singapore, we support both individual and corporate needs to build wealth and drive commerce at every step of their journey. We do this by offering an entire range of financial services across personal, priority and private banking as well as our business, commercial and corporate banking teams. The Bank employs around 9,000 people in Singapore and has a network of 16 branches, 6 Priority Banking centres and 30 ATMs.
2019 is a significant year for both Singapore and the United Kingdom, marking the Bicentennial of the founding of modern Singapore and the beginning of a new era for the UK. The SG-UK Partnership for the Future builds on our historical links by celebrating all that our nations are already achieving together and looks to the future by launching new collaboration initiatives.@company