Q&A – Christos Papadopoulos

Continuing with their investigations of banks involved with Iran, United States authorities went after Standard Chartered Bank (SCB) last month, accusing the British bank of helping Iranian banks and corporates hide around 60,000 transactions worth at least $250 billion between 2001 and 2010. To settle these accusations and avoid seeing its New York license revoked, SCB agreed to pay a $340 million penalty. Prior to this scandal, with Asia as its core market, SCB had recorded its 10th straight year of record profits, standing at $3.95 billion as of the end of June 2012, up 9 percent year-on-year. The bank also announced plans to add as many as 1,500 jobs in the second half of the year. To shed light on the bank’s performance in the Middle East and North Africa region, Executive sat with Christos Papadopoulos, SCB’s head of MENA and Pakistan. E  Standard Chartered has agreed to pay