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StanChart steps up investments in Singapore to raise efficiency (Amended)

It will spend 30% more on technology this year, and hire 100 more people for tech roles

NEW HOME: The bank's leaders (wearing corsages), from left, CEO for Asean and South Asia Ajay Kanwal, group chief executive Bill Winters and StanChart S'pore CEO Judy Hsu, with Manpower Minister Lim Swee Say at the opening of the Changi Business Park building.


STANDARD Chartered Bank on Friday announced the purchase of a second office building in Changi Business Park for S$45 million, amid a ramping up of its investments in Singapore to raise efficiency.

Including the S$59.5 million cost of the first building also in Changi