It is a testament to Standard Bank’s growing status as a global emerging markets lender that its latest alliance had to be approved by so many regulators. The South African group’s partnership with Russian investment bank Troika Dialog will add a vital new element to Standard Bank’s network. The venture received the go-ahead this autumn from authorities in South Africa, Russia, Kazakhstan, and Ukraine, as well as in the UK and the US.
It will enable Standard Bank to service more effectively south-south trade and capital flows: that is, to derive business from the new, emerging market-led globalization. But with Industrial and Commercial Bank of China...
