Retail and Wealth Business

Standard Chartered Bank Uganda Chief Executive, Sanjay Rughani has indicated that a number of major banks have expressed interest in acquiring the bank’s Retail and Wealth Business.  The London-based group announced in November last year its intention to sell its Wealth and Retail Banking (WRB) businesses in Botswana, Uganda, and Zambia, as it seeks to concentrate resources on serving the cross-border needs of global corporate and financial institution clients.  “We’re currently looking at the right partners who can buy that business. We’ve got a lot of interest but it’s still all work in progress…because it is a discussion with a…