Standard Chartered Bank (SCB) plans to set up a new subsidiary in Brunei in line with the Securities Market Order to cater to local needs for investment funds and wealth management this year.
Details of the subsidiary will be announced after the completion of the ongoing discussions with key stakeholders, Rino Donosepoetro, Chief Executive Officer (CEO) of SCB Brunei, said.
More details in Thursday’s Borneo Bulletin.
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