STANDARD Chartered Bank Brunei (SCB) will set up a subsidiary focused on offering investment products and services this year, said the bank’s chief executive officer yesterday.
The establishment of the subsidiary is to conform to the Securities Market Order (SMO) 2013, Rino Donosepoetro told local media on the sidelines of the bank’s Chinese New Year celebrations at the Hua Ho Manggis Mall.
The Autoriti Monetari Brunei Darussalam (AMBD) implemented SMO in July 2013 to support the establishment of a capital market.
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