Standard Chartered Singapore

File:Maybank Tower, Bank Of China and 6 Battery Road.JPG (far right).]]

{{see also|Chartered Bank of India, Australia and China}}

Opened in early 1859, the bank, then known as Chartered Bank of India, Australia and China, started off as an agency and was situated in a 3 storey tall building located between Flint Street and Battery Road, with the third floor being used for staff accommodations.{{cite web|url=https://eresources.nlb.gov.sg/newspapers/Digitised/Article/straitsmail18941231-1.2.18|title= The Chartered Bank's new premises.|publisher=NewspaperSG, National Archives of Singapore.|date=December 31, 1894|accessdate=April 7, 2020}} In 1861, the bank was upgraded to a branch and over the following decades, it printed bank notes in Malaya.{{cite book|author=Niv Horesh|title=Shanghai's Bund and Beyond: British Banks, Banknote Issuance, and Monetary Policy in China, 1842–1937|url=https://books.google.com/books?id=hN7c_lnhddsC|date=2014|publisher=Yale University Press|isbn=978-0-300-14362-1}}{{cite web |url=http://www.spink.com/auctions/pdf/11003.pdf |title=Collection of Historical banknotes—Hong Kong, Shanghai, China |access-date=9 July 2012 |archive-url=https://web.archive.org/web/20130618060117/http://www.spink.com/auctions/pdf/11003.pdf |archive-date=18 June 2013 |url-status=dead }} In 1913, the bank acquired land situated between Bonham Street and Battery Road and constructed a new building to house its operations in Singapore. The building which was 4 storeys tall, was completed in 1916 and at that time it also housed the Singapore Chamber of Commerce and Exchange.{{cite web|url=https://eresources.nlb.gov.sg/newspapers/Digitised/Article/straitstimes19160929-1.2.75.2|title=The Chartered Bank|publisher=NewspaperSG|date=September 29, 1916|accessdate=April 7, 2020}}

Construction of a 44 storey tall skyscraper at Battery Road for the bank's head office was completed in 1984. The building, which was known as the Standard Chartered Building, was the largest Standard Chartered building worldwide and it also represented the largest single investment by a British company at that point of time.{{cite web |title=6 Battery Road |publisher=CapitaLand |url=http://www.capitaland.com/en/ccid/properties/BatteryRoad.html |accessdate=2008-02-06 |archiveurl=https://web.archive.org/web/20071114214408/http://www.capitaland.com/en/ccid/properties/BatteryRoad.html |archivedate=2007-11-14 |url-status=dead |df= }} Officially opened on 24 October 1984 by Anthony Barber, then chairman of the Standard Chartered Bank, the building stood on the site of the bank's first branch when it was first opened in 1859.{{cite web |title=Occasion for a lord and a 'lion' to meet |url=http://eresources.nlb.gov.sg/newspapers/Digitised/Article/straitstimes19841025-1.2.47.7 |accessdate=8 October 2019 |website=The Straits Times (retrieved from NLB) |date=25 October 1984}} In 1986, Khoo Teck Puat, the founder of Maybank acquired a significant stake for US$100 million in the bank's parent, Standard Chartered and later became the single largest shareholder of the banking group.{{cite web|url=https://eresources.nlb.gov.sg/newspapers/Digitised/Article/straitstimes19810301.2.36|title=History runs in a circle for both Khoos in $290 m deal. |publisher=NewspaperSG|date=March 1, 1981|accessdate=April 7, 2020}}{{cite web|url=https://www.scmp.com/article/445660/khoo-death-twist-stanchart-stake-saga|title=Khoo death a twist to StanChart stake saga|publisher=South China Morning Post|accessdate=April 7, 2020}} Following his death in 2004, the stake valued at £2.3 billion was acquired by Temasek Holdings in 2006, making the investment arm of the Government of Singapore its largest shareholder.{{cite web|url=https://www.independent.co.uk/news/business/news/singapore-snaps-up-12-per-cent-stake-in-standard-chartered-bank-6105335.html |archive-url=https://ghostarchive.org/archive/20220524/https://www.independent.co.uk/news/business/news/singapore-snaps-up-12-per-cent-stake-in-standard-chartered-bank-6105335.html |archive-date=2022-05-24 |url-access=subscription |url-status=live|title=Singapore snaps up 12 per cent stake in Standard Chartered bank |publisher=The Independent|date=March 28, 2006|accessdate=April 7, 2020}}

In 2007, Standard Chartered opened its private banking global headquarters in Singapore{{cite web|url=http://www.newsgd.com/business/enterprise/200705290048.htm|title=Standard Chartered sets up private banking HQ in Singapore|publisher=Newsgd.com|accessdate=19 April 2011}} and in 2011, the bank moved its Singapore cooperate office to the Marina Bay Financial Centre, after being situated in Raffles Place since 1859.{{cite web|url=https://www.mas.gov.sg/news/speeches/2019/window-to-the-past-portal-to-the-future|title=Window To The Past, Portal To The Future|publisher=Monetary Authority of Singapore|date=February 13, 2019|accessdate=April 7, 2020}} On October 7, 2013, Standard Chartered officially incorporated a local subsidiary of the bank, Standard Chartered Bank (Singapore) Limited. Following the incorporation, the bank's Singapore Consumer Banking retail and SME banking business was transferred to the new subsidiary. In 2018, the operations of Standard Chartered was eventually merged into Standard Chartered Singapore, consolidating all of the group's Singapore operations and becoming the first major foreign bank to do so in Singapore.

{{main|Singapore Marathon}}

Beginning in 1982, the Singapore Marathon, also known as the Standard Chartered Marathon, is an annual international marathon held on the first Sunday of every December. It is the first competitive marathon in Singapore with an estimated participation size of 15,000 runners at its inaugural race on December 5, 1982.{{Cite web|url=https://eresources.nlb.gov.sg/newspapers/Digitised/Article/straitstimes19821109-1.2.48|title=Roads to be closed for 15,000 runners|website=eresources.nlb.gov.sg|access-date=2019-12-01}} Since then, the race has grown to attract many international marathoners to participate in the annual race and the 2013 event attracted a total of 60,000 entrants for all categories.{{cite journal |last1=Tu |first1=Weizhi |title=From Empire to Independence: A Historical Analysis of Banking in post-war Singapore, 1945-2025|journal=ssrn.com |date=2025 |doi=10.2139/ssrn.5275858 |url=https://dx.doi.org/10.2139/ssrn.5275858 |access-date=2 June 2025|url-access=subscription }}

In 2017, Standard Chartered Singapore Marathon announced its bid to join the Abbott World Marathon Majors event.{{cite web|url=https://www.channelnewsasia.com/news/singapore/standard-chartered-marathon-bids-to-join-world-marathon-majors-8796818|title=Standard Chartered Marathon bids to join World Marathon Majors|publisher=Channel News Asia|date=April 27, 2017|accessdate=April 7, 2020}} In 2019, the full- and half-marathons were held in the evening in order to fulfil criteria to be listed in the Abbott World Marathon Majors, instead of the usual flag off timing at dawn. This caused major traffic disruptions as traffic was at a standstill for 3 hours and drew criticism from the public as wedding banquets held in town also encountered problems, with guests and vendors unable to make the functions in time.{{Cite web|url=https://mothership.sg/2019/12/standard-chartered-marathon-angry/|title=Standard Chartered Marathon should not shut down city in land-scarce S'pore on Saturday evening, thousands agree|website=Mothership.sg|language=en-US|access-date=2019-12-02}}

{{reflist}}

{{Standard Chartered|state=collapsed}}

{{Banking in Singapore}}

Category:Banks of Singapore

Category:Banks established in 1859