The 25th anniversary of the African bank’s presence in Jersey was marked on 25 May – Africa Day, which signifies the day in 1963 when the Organisation of African Unity was formed. The bank is also planning a number of African-themed events.
Back in 1992 the bank put down roots in Jersey and the Isle of Man by taking over merchant bank Brown Shipley. Over 200 employees are now based at the La Motte Street headquarters, including 12 staff members who have been with the business for the entire 25 years.
Chris Stead, head of international portfolio management, joined in May 1992 and said: ‘I feel very privileged to have spent the vast majority of my career at Standard Bank. The team spirit and opportunities offered have been second to none and I am proud to have played a small part in improving lives and prospects across Africa.’
The chief executive of Standard Bank International, Will Thorp, said: ‘Standard Bank chose wisely when it decided to base part of its international banking arm in Jersey. For the past 25 years we have grown and prospered with the Island and, in turn, both have made a significant contribution to the prosperity of Africa.
‘Our recent results show that Standard Bank Wealth International is in a strong position and that is in no small part due to our long-standing relationship with Jersey.
‘As we reach this important milestone I would like to thank everyone connected to the business, not least our clients and our staff, for their essential contribution.’
Over the past 25 years the bank has focused on supporting local and African charities, including Durrell Wildlife Conservation Trust, Jersey Cheshire Home and Mifumi, a Ugandan charity with Island links.