Standard Chartered to hire 2,000 staff in 2009

Bangalore: Foreign lender Standard Chartered Bank is likely to hire around 2,000 employees in India in 2009. The bank currently has around 8,000 employees in the country.

The bank is also planning to open an office of knowledge process outsourcing network 'Scope International' in Bangalore by October. At present, Scope International has offices in Malaysia, China and Chennai with a workforce of about 7,200, 200 and 3,000, respectively. Sreeram Iyer, Standard Chartered's Chief Operating Officer, India and South Asia said, "The office in Bangalore will look at global collections work for the consumer banking business, and into customer service analytics."

Standard Chartered Bank has more than doubled its revenue and profits over the last five years and has performed consistently well, delivering record results throughout the recent financial crisis. For the year ending December 31, 2008, the bank reported a profit of $3.3 billion, up from $2.8 billion in 2007. Operating income rose 26 percent to $13.97 billion and total assets rose 32 percent to $435 billion.