Appleby advises Standard Chartered on consolidation of Jersey banking entities

Appleby has advised Standard Chartered on the consolidation of its two banking entities in Jersey that created a single operating platform for its Jersey business.

The bank, which employs more than 150 staff locally, was the first Jersey banking group to use a provision in Jersey’s banking legislation to transfer all of the business of its locally incorporated subsidiary to the Jersey branch of its parent company, Standard Chartered Bank.

Standard Chartered was advised locally by the Jersey office of Appleby. 

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