Standard Chartered Bank Kenya has migrated its shared service centre operations in Nairobi to India, putting at risk jobs of 300 employees.
The bank’s CEO Lamin Manjang said that the move aligns with the banking group’s decision to centralise all shared service centre operations across the globe to India, Malaysia and China.
"Standard Chartered Bank's commitment to Africa and Kenya in particular remains very strong. The Group has made substantial investments in Africa in the last year, and Africa is now at the front of the queue for future investments," Manjang noted.
The Nairobi service centre offers operations services to various units of the banking group such as Botswana, Zambia, Uganda, Tanzania, and South Africa, and Kenya.
Phase one of the relocation process will include migration of support activities for Standard Chartered subsidiaries, excluding Kenya.
"Efforts are ongoing to absorb some of the staff into other areas within the Bank. For those that will not be redeployed, a redundancy exercise will be carried out in line with local labour laws," Manjang added.