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StanChart starts brokerage in Japan with 100 staff

The move comes even as chief executive officer Bill Winters cuts costs and sells businesses to turn around the London-based bank, which posted its first loss since 1989 last year.


STANDARD Chartered plc (StanChart) started its first brokerage business in Japan with 100 employees as institutional investors in the country seek products from emerging markets in Asia, the Middle East and Africa for better returns.

The UK bank will deploy 20 salesmen to...