| Azlan Othman |
STANDARD Chartered Bank (SCB) officially launched its investment subsidiary, Standard Chartered Securities (B) Sdn Bhd yesterday in Gadong.
Present as guest of honour was Yusof bin Haji Abdul Rahman, Managing Director of Autoriti Monetari Brunei Darussalam (AMBD), who officiated the event along with Rino Donosepoetro, Chairman and Executive Director of Standard Chartered Securities, and Brenda Low, CEO and Managing Director of Standard Chartered Securities.
Also present were senior officials and management from the Capital Markets Unit and Bank Supervision of AMBD and the senior management team from Standard Chartered Bank.
“The launch of Standard Chartered Securities marked yet another milestone in our history here in Brunei Darussalam where we’ve enjoyed a heritage of over 58 years, one which we could be very proud of and of which we will continue to build our future on,” said Rino Donosepoetro.
“Standard Chartered’s investment in the subsidiary substantiates the fact that Brunei continues to be an important market for us where we continue to see opportunities for growth and where we remain committed to our clients and stakeholders in the country.”
Managing Director of AMBD, launching the investment subsidiary of SCB with Rino Donosepoetro and Brenda Low. PHOTOS: AZLAN OTHMAN
“Standard Chartered Bank is very supportive of Brunei’s effort to launch the Brunei Stock Exchange next year. With the launching of Standard Chartered Securities yesterday, it is a platform of our participation in the capital market,” he added. “This should be seen as a favoured demonstration that Standard Chartered has in Brunei Darussalam and firm belief that we are not going anywhere and we are here to stay. With this subsidiary set-up with local entity and fresh capital being injected in, it means that we are fully committed in the Sultanate.”
Brenda Low said, “We have continued to focus on wealth and investment solutions for our clients helping them to build and protect their wealth from the start up till today.”
“Standard Chartered has always been in the forefront of wealth management in the market having the widest range of product offerings and technical capabilities with the largest team of licensed and certified financial planners supported by local and regional investment specialists and economists, thereby being able to offer our clients the full spectrum of investment solutions for their financial needs,” she added.
Yusof bin Haji Abdul Rahman, Managing Director of Autoriti Monetari Brunei Darussalam (AMBD) poses for a group photo with Rino Donosepoetro and Brenda Low along with Standard Chartered Bank (SCB) staff
Standard Chartered Securities (B) Sdn Bhd is a wholly owned subsidiary of SCB and forms part of the Standard Chartered Group.
The subsidiary was incorporated on June 4 in Brunei Darussalam with limited liability by the Registrar of Companies and is licensed by the AMBD.
Standard Chartered Securities provides investment advisory and portfolio management services through a team of Financial Planning certified and licenced Investment Counsellors and Relationship Managers in compliance with the Securities Market Order which enables Standard Chartered to carry out regulated activities relating to relevant investment products.
Standard Chartered Securities currently offers more than 100 types of Unit Trusts and more than 50 types of Bonds in addition to regular offerings of Structured Notes.
SCB continues to offer Premium Currency Investment and Structured Deposit Products.
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