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Additional information |
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Standard Bank Offshore Group |
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Profile:
Standard Bank Group Limited, is the holding company of one of the leading banking and financial services groups based in South Africa today, was first listed on the JSE Securities Exchange in 1970.
Rooted in Africa and with strategic representation in key sub-Saharan markets, Standard Bank is a regional banking force with global sweep.
Standard Bank delivers its services through more than 600 points of representation throughout South Africa, while spanning 17 other key African countries and extending to 13 countries around the globe, including the key financial centres of Europe, the United States and Asia.
Standard Bank was the first South African banking institution to be rated by IBCA, the leading international bank credit rating agency.
The group has established itself as a leader in banking technology for the personal and business markets in South Africa. The corporate and merchant banking arm has consistently ranked in successive peer surveys as the South African market leader.
Our business banking systems facilitate global transfers by linking into the SWIFT international message system, of which the Standard Bank is the largest user in South Africa. Satellite communications are being harnessed to reduce reliance on overstretched telecommunications systems, within South Africa and throughout the sub-Saharan region.
In addition to its banking operations, the Standard Bank enjoys a strategic interest in the insurance industry through control of the Liberty Group, one of Africa's leading life offices and financial services groups.
At December 2010, the group had assets of US$162 billion and employs over 50,000 people worldwide. |
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Overview:
Standard Bank Offshore is a wholly owned subsidiary of Standard Bank Group Limited. Standard Bank Offshore comprises a number of companies located in the offshore jurisdictions of Jersey, the Isle of Man and Mauritius. We provide a range of offshore services for the personal, professional and corporate client, including banking, fiduciary and corporate services, stockbroking, asset management, and offshore fund management. |
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Vision:
We are committed to making a real difference to financial services in South Africa and other emerging markets.
We will ensure long-term sustainability by harmonising the needs of our customers, our people and our shareholders and by being relevant to the societies in which we operate.
We will only succeed if we are able to attract, retain, develop and deploy teams of people with energy, passion and skills. |
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History:
Standard Bank was established as the Standard Bank of British South Africa Limited, and incorporated in London in 1862.
In 1962 The Standard Bank of South Africa (SBSA) was formed and registered as a South African company, operating as a subsidiary of Standard Bank in London (subsequently to become Standard Chartered Bank plc). Standard Bank Group was established in 1969 as the holding company of SBSA. Standard Chartered sold its 39% stake in Standard Bank Group in 1987, transferring complete ownership of the holding company to South Africa.
The re-establishment of Standard Bank's African links began in 1988, when a branch was set up in Swaziland. In 1992 the group opened a Botswana bank and acquired a major African operation: the long-established ANZ Grindlays network in Botswana, Kenya, Uganda, Zaire, Zambia and Zimbabwe, with minority holdings in Ghana and Nigeria.
Standard Bank's Africa banking group, Standard Bank Group Africa, has one of the biggest single networks of banking services in Africa.
The group has also continued to expand internationally. Standard Bank London was established in 1992 and in the same year operations in Jersey and the Isle of Man were acquired. Three years later, the Isle of Man bridgehead was broadened considerably with the acquisition of Standard Chartered's banking activities on the island. Standard Bank also has a full branch in Taipei; representative offices in Hong Kong, London and New York; and trading operations in New York and Hong Kong. Standard Bank Group completed the acquisition of Jardine Fleming Bank Limited (JF Bank) in July 2001. |
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