Standard Chartered PLC (OTCPK:SCBFF)
$ 12.23 -0.29 (-2.32%) Market Cap: 29.74 Bil Enterprise Value: 40.21 Bil PE Ratio: 8.15 PB Ratio: 0.59 GF Score: 73/100

Standard Chartered PLC Financial Markets Investor Event Transcript

Jun 14, 2022 / 08:00AM GMT
Release Date Price: $7.26 (+7.31%)
Simon Cooper
Standard Chartered PLC - CEO of Corporate, Commercial & Institutional Banking and Europe & Americas

Good morning and good afternoon, everyone. Thank you for joining our call today where we'll give you an update on our performance in Financial Markets over the last 3 years and an insight into the strategy and execution plans for the next 3 years. Back in February, I outlined the actions we're taking in the Corporate, Commercial & Institutional bank, or CCIB, to drive improved returns, targeting 160 basis points improvement in income return on risk-weighted assets. Financial Markets is an integral part of CCIB's strategy, being around 60% of CCIB's income and is already delivering double-digit return on tangible equity.

In the last few years, we've built a more diversified business providing our clients with a fully equipped fixed income, currencies and commodities franchise, delivering solutions across rates, credit and commodities. We have an attractive footprint with trading desks in 36 markets and a sales presence in 44 markets, providing unique market access and

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