Standard Chartered has announced that its Trade Institute has received full accreditation from the London Institute of Banking and Finance (LIBF), marking a significant milestone as the first bank in Singapore to achieve this recognition. The accreditation follows a comprehensive evaluation of the institute’s curriculum, which is designed to enhance clients’ understanding of trade and trade finance.
The LIBF accreditation underscores the quality and rigour of the training provided by Standard Chartered, which aims to equip clients with the necessary skills to navigate the evolving global trade landscape. Angel Cheung, Global Head of Trade Client Service at Standard Chartered, highlighted the bank’s commitment to raising industry standards, stating, “The LIBF accreditation is testament to our continued efforts in raising the standards in the industry.”
The Standard Chartered Trade Institute, launched in 2024, offers a suite of training programmes available both in-person and online. These sessions are tailored to provide clients with insights into trade industry guidelines and practices, as well as Standard Chartered’s trade solutions and capabilities. Alex Grey, Director of Trade and Transaction Banking at LIBF, noted the success of the programme, with over 1,000 clients having completed training sessions.
Madan Tamilselvan, a finance professional from Astra Klk Pte Ltd, praised the programme for its structure and relevance, particularly in addressing the risks of fraud in trade finance. As the institute continues to expand its offerings, the LIBF accreditation is expected to enhance its reputation and attract more participants seeking to upskill in trade finance.
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