Standard Chartered Bank has been in Asia for 150 years and it still hasn't got it right. It is regarded as the bank that doesn't seem to fit. It is neither an all-conquering global powerhouse nor a small domestic regional player. This month, Asiamoney looks at the strategic direction of what can best be described as Asia's misfit. We ask the question: if the bank fails to build the necessary muscle through acquisition or organic growth under chief executive Mervyn Davies, how long does it have to steer its own course? The Cash Management Poll returns this month stronger than ever, showing just which banks are regarded by senior management at the region's corporates and financial institutions as best able to deliver the solutions they demand. The results were tight, but HSBC has finally deposed Citigroup as king of the heap. Global banks are not having it all their own way, however, with Asia's domestic banks making serious inroads and grabbing market share in their own backyards.
June 01, 2004