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StanChart needs around 500 additional staff in HK

Standard Chartered CEO Mary Huen Wai-yi has announced the hiring of 300 to 500 additional staff to add to its current headcount of about 5,800 in Hong Kong. Huen said the bank aims to capture the growing business opportunities in the Greater Bay Area and the demand for green finance. She said the bank needs to hire more people as they expect there will be substantial growth in loan and wealth management demand this year and the reopening of the border is set to increase business opportunities in the GBA, green finance, fintech, and wealth management. Standard Chartered reported a net profit of USD2.55bn last year, compared with USD1.91bn in 2021. The bank’s business in Hong Kong, its largest market, reported an 8% growth in operating income to USD3.72bn last year.

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