Standard Chartered Bank selected CBRE to provide lease administration, asset and transaction management, and strategic advice across the bank’s 15 million-square-foot commercial portfolio. The portfolio encompasses 72 countries, 1,950 properties and 90,000 global employees in Europe, the Americas, Africa, the Middle East and Asia.
“As part of a global initiative to select best-in-class providers of asset management, the bank went through a process to select a single partner to serve them across its entire global portfolio,” said Phil Rowland, CBRE’s Executive Managing Director of Global Corporate Services in Asia Pacific. “The expansion of our relationship has met the strategic priorities of both SCB and CBRE.”
“The bank was looking for a transformation that would deliver global consistency and facilitate greater customer alignments, and for a partner that would introduce a robust risk and compliance program to its dynamic emerging markets portfolio,” said Andrew Watt, CBRE’s Senior Director, Global Corporate Services - Asia, and Global Alliance Director for Standard Chartered Bank.
CBRE is bringing to bear the strength of its geographic platform and multiple service lines, as well as a commitment to enter new markets with the bank as it grows. The bank “was looking for a partner that was aligned with the bank’s values, and could extend the capability and reach of the bank’s commercial real estate services teams,” said Denis McGowan, Global Head of Workplace, Standard Chartered Bank.
CBRE and Standard Chartered have aligned execution priorities as part of the partnership’s vision. CBRE also offered a technology solution that allows the bank to track every property transaction from a compliance perspective in a single system. “Tools were made available so that with the press of a button, Standard Chartered Bank can see where our transaction is in the process,” Denis McGowan, Global Head of Workplace, Standard Chartered Bank, said.
“CBRE made a point that they would offer a fully compliant service where and when we needed it,” Denis McGowan, Global Head of Workplace, Standard Chartered Bank, added. “CBRE knew the bank, they understand the financial sector, and they have shown a strong understanding around the need for robust governance and assurance in this highly regulatory environment.”