And it is also said to be expanding its offices in Frankfurt and Milan to take on the staff.
"We will have to move hundreds of people in the short term to be ready for day one, when negotiations finish, and then we will look at the longer-term numbers", Pinto said, Pinto is the CEO of the bank's corporate and investment banking arm.
Other financial services companies have announced plans to move staff out of London in recent months, in case the United Kingdom fails to secure "passporting" rights for them to operate across European Union borders after Brexit.
Speaking to shareholders at the bank's annual meeting, Chairman Jose Vinals said Standard Chartered is in discussions with regulators about the new unit. Around 5,500 firms registered in the United Kingdom rely on the European Union's passporting rights for the financial services sector, and they turn over about £9 billion in revenue.
The spokeswoman said: "This does not mean any change to our United Kingdom domicile, or a change in our commitment to London".
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"We also expect to focus on hiring a small number of staff locally, therefore any impact to United Kingdom staff will be minimal".
However, the bank said there would be "minimal" impact on United Kingdom staff.
The comments at a conference in Saudi Arabia were confirmed by the bank.
A growing list of financial services firms have confirmed relocation plans, with HSBC moving 1,000 staff to France, AIG set to shift a string of executives to Luxembourg and Lloyd's of London opting for a subsidiary in Brussels.
Last year, JPMorgan's Chief Executive Officer (CEO) Jamie Dimon had warned employees in the United Kingdom that as many as 4,000 could be relocated in the event of Brexit, a revelation that materialized following the country's referendum, negotiations, and eventual triggering of Article 50.