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Standard Bank has announced a 67% share of Dundas Securities, a specialist financial advisory firm based in Istanbul.


The new company will be known as Standard and under the terms of the agreement between the two institutions, the entire management team of Dundas Unlu will be retained.


Standard is a licensed securities and brokerage house and will be regulated by the Turkish Capital Markets Board.


Turkey has been a key area of growth for Standard Bank, and the bank has had operations in Istanbul since 1999.