Standard Chartered to add 1,600 staff at new bank centre in China

STANDARD Chartered Plc plans to add more than 1,600 staff over the next three years at a new centre in southern China as the nation aims to transform the coastal region near Hong Kong into a high-tech hub to rival California’s Silicon Valley.

The London-based bank is investing $40 million in the Standard Chartered Greater Bay Area Centre in Guangzhou, according to an emailed statement Monday. The workers will include new hires and internal transfers to the center, which opens this quarter, the bank said.