STAN Standard Chartered Plc

666.80

5.20 (0.79%)

19 Apr 2024 - Closed

Delayed by 15 minutes

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Standard Chartered Plc	LSE:STAN	London	Ordinary Share	GB0004082847	ORD USD0.50

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	5.20	0.79%	666.80	664.40	664.60	667.80	651.40	653.00	12,432,124	16:35:24

Industry Sector	Turnover	Profit	EPS - Basic	PE Ratio	Market Cap
Commercial Banks, Nec	18.02B	3.47B	1.2403	5.36	18.58B

Standard Chartered Sets Up Financial Technology Investment Unit

17/01/2018 12:07pm

Dow Jones News

Standard Chartered (LSE:STAN)
Historical Stock Chart

From Apr 2019 to Apr 2024

Click Here for more Standard Chartered Charts.

By Adam Clark

Standard Chartered PLC (STAN.LN) said on Wednesday that it has established a new business unit to invest in financial technology and other startup companies.

The emerging-markets focused bank said the new unit is called SC Ventures and will be led by Alex Manson, formerly Standard Chartered's head of transaction banking. Mr. Manson will report to Chief Information Officer Michael Gorriz.

In addition to investments, the unit will also lead internal consultation on digital technology and oversee Standard Chartered's own technology ventures.

Standard Chartered said it has made previous investments in payment technology company Ripple and data software company Paxata.

Shares were unchanged at 817.40 pence at 1129 GMT.

Write to Adam Clark at adam.clark@dowjones.com; @AdamDowJones

(END) Dow Jones Newswires

January 17, 2018 06:52 ET (11:52 GMT)