Standard Chartered Bank - SCB banking on banking the growth markets | Glassdoor
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"SCB banking on banking the growth markets"

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  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Managing Director in Singapore (Singapore)
Former Employee - Managing Director in Singapore (Singapore)
Recommends
Neutral Outlook
Approves of CEO

I worked at Standard Chartered Bank full-time (More than 5 years)

Pros

SCB focusses on emerging markets, typically high growth economies where local expertise acquired over many years holds a (possibly temporary) competitive advantage for them. With a full suite of wholesale/investment banking products there are not many client needs SCB cannot address if it chooses.

Cons

There are certain strong ethnic 'cliques' that dominate aspects of the wholesale bank in particular. With these cliques having certain strongly specific working styles, the challenge for an 'outsider' from a different social and business background is to fit in, be part of in the information flow and not be excluded. In the wholesale bank in particular, it appears to help to be ethnically Indian if working in Singapore.

Advice to Management

One might speculate that constant restructuring is a bank leader's raison d'être! Once distant from daily client interactions, what value does one add if not to reshuffle the deck chairs? SCB's leaders are like those in many large banks, believing that solving complex strategic problems can be achieved by adjusting organisational structure; through moving reporting lines on 'organisation charts'. Push more decision making down the organisation; break-up ethnic cliques; aim for stability in strategy and structure; take long term views of markets and clients and don't follow the herd.

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    There are newer employer reviews for Standard Chartered Bank
    There are newer employer reviews for Standard Chartered Bank

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