Standard Chartered Bank has relocated its Shared Service Centre operations in Nairobi to its Global Shared Services Centre in Chennai in India, the lender announced yesterday. The centre in Nairobi provides operations services to the bank’s several subsidiaries, including Botswana, Zambia, Uganda, Tanzania, South Africa. CEO Lamin Manjang said the migration is in line with the decision made at Group level to centralise all Shared Service Centre operations globally into the three Global Shared Service Centres based in India, Malaysia and China. “Standard Chartered Bank’s commitment to Africa and Kenya in particular remains very strong. The Group has made substantial investments in Africa in the last year, and Africa is now at the front of the queue for future investments,” Manjang said.

Source: The Star November 17, 2016 00:22 UTC