British Standard Chartered Bank opens office in Morocco, an attractive destination for global trade & investment

British Standard Chartered bank, which specializes in wealth management, corporate and investment, announced Thursday the opening of its new office in Casablanca Finance City, Morocco,

In a press release, the Bank says Morocco’s strong economic fundamentals and strategic location position it as an increasingly important destination for global trade and investment.

The Bank’s new office is part of its expansion strategy across the Middle East and North Africa region to support clients in high-growth, internationally connected markets.

Rola Abu Manneh, CEO for Middle East said: “Our global network, sector expertise and financing capabilities mean that Standard Chartered is uniquely positioned to support Morocco’s ambitious growth agenda”.

Cynthia El Asmar, who has been appointed Head of Casablanca Office of the British Bank, said: “Morocco’s location positions it favourably as a bridge between Europe and Sub-Saharan Africa”.

Structural reforms continue to improve Morocco’s capacity to attract FDI and enhance its overall competitiveness, leaving it well placed to benefit from any adjustment in trade flows or realignment in global supply chains, she said,
The opening of Standard Chartered office in Casablanca comes after fully-fledged banking operation launched in Egypt in early 2024 and Saudi Arabia in 2021.

Morocco is the sixth largest economy in Africa. Its economy expanded 3.2 percent in 2024 and GDP growth is expected to increase to around 3.7 percent over the next few years. This is supported by a new series of infrastructure projects and the continued implementation of the country’s structural reform agenda.