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Standard Chartered seeks 1,000 new staff in China by end of 2010

Standard Chartered wants to recruit as many as 1,000 new staff in mainland China by year-end, according to its China head of human resources.

In an interview with eFinancialCareers, Paula Ko says the planned hires are part of the firm’s “20-30-40” strategy.

Subject to regulatory approval, Stand Chart aims to increase its workforce by 20 per cent (from the current headcount of 5,000); grow its network – which is currently 17 branches and 39 sub-branches – by 30 per cent; and expand its global markets team in China by 40 per cent.

“China is a priority for us, and we are committed to growing our business in this market,” says Ko.

As well as making more senior hires, Stand Chart will recruit directly from universities across China. It will also second and transfer experienced managers from overseas who will provide leadership and groom local successors.

Ko adds that the bank has also instituted a number of programmes to make sure the new hires are quickly integrated. These include face-to-face induction courses for all employees to help them understand the bank’s business, culture, systems and people.

Those joining consumer banking must also participate in the “Day 1 Readiness Programme”, a 17-day training course aimed at providing new recruits with the necessary knowledge to serve clients. Wholesale banking staff attend a one-week programme called “RM [relationship manager] Bootcamp”.

The learning doesn’t necessarily stop after these initial inductions, says Ko. All employees must determine their own development plans for the coming year, which they then try to accomplish with the help of their line managers.

And Chinese employees also have opportunities to undertake international project or assignment work at the bank’s offices around the world.

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  1. I like your articles about expanding of foreign banks’ in China.

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