What is Standard Chartered Grindlays
Andrew Hunter Standard Chartered has operated in the emerging markets for 150 years, and about a year ago we acquired Grindlays from ANZ, and that gave us an even stronger position in the Middle East and South Asia. Our position today, is the leading emerging markets bank.
When we bought Grindlays, we also acquired Grindlays Private Bank and Grindlays Trust Corporation which we are putting together with Standard Chartered's businesses in Jersey. This has created Standard Chartered Grindlays, which is entirely focused on clients in the emerging markets. We have $7 billion of assets under management and 25 years of history. These assets are typically from our Asian, Middle...