StanChart to invest RM100mil in tech hub

Historic event: Mustapa launches the 15th anniversary celebration of Scope International. With him are Norris (centre) and Multimedia Development Corp chief operating officer Datuk Ng Wan Peng. — Bernama

KUALA LUMPUR: Standard Chartered Bank (StanChart) will invest some US$30mil (RM123.3mil) over the next three years to support its global technology and operation hub under wholly owned subsidiary Scope International (M) Sdn Bhd.

StanChart Scope International chief executive officer Matthew Norris said this was part of the US$3bil (RM12.3bil) the bank planned to invest to focus on strengthening its technology, retail banking, private banking, wealth management and improving the bank’s control.