As part of the continued growth of its global rates and foreign exchange business, Standard Chartered Bank has established Commodity Derivatives desks in both Singapore and London.

According to a press release of the bank on Friday, its Commodity Derivatives desk brings another dimension to the bank's client offering for corporate and institutions across Asia, Africa and the Middle East, and clearly demonstrates the bank's ongoing commitment to offer clients enhanced risk management solutions.

Will Shropshire, head of Global Commodity Derivatives at Standard Chartered Bank, said, "this is an extremely exciting time both for the commodity markets and for our clients. This expertise naturally complements our strong finance capabilities in the rapidly de-regulating commodity markets of the region."

The bank's Commodity Derivatives team will cover the full spectrum of precious metals, base metals, energy and soft commodities. This capability allows it to provide unique commodity solutions as well as a fully integrated service across multiple asset classes including foreign exchange, interest rate debt, credit and commodities.

Standard Chartered PLC is listed on both the London Stock Exchange and the Stock Exchange of Hong Kong, with an extensive global network of over 1,200 branches in 56 countries and regions.

Source: Xinhua