Britain-based Standard Chartered Bank on Tuesday opened its first branch for retail customers in Japan, aiming to gain a foothold in an increasingly focused market.
The branch, located in Tokyo's Marunouchi district, targets customers with assets worth some 20 million yen or more by providing Japan's first no-commission foreign-currency accounts and tailor-made client services.
"This new branch symbolizes our new commitment to Japan and to the long-term growth of our business in this country," Mark Devadason, chief executive at Standard Chartered Bank's Tokyo branch, said at an opening ceremony.