StanChart aims $200 bn in new wealth assets, eyes Chinese, Indian clients

Quick Summary:

It is beefing up relationship manager teams in markets such as India, China onshore, Malaysia and Taiwan.

StanChart aims to boost its team of relationship managers by 50 per cent by 2028.

StanChart's assets under management sourced from wealthy Chinese and Indians with global needs rose by about 40 per cent and 20 per cent, respectively, in the 12 months ending September, its data shows.

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Category: BusinessFinance

Markets: IndiaBotswanaChinaFranceHong KongMalaysiaSingaporeTaiwanUgandaZambia

Topics: Standard Chartered Indian wealthy StanChart Assets Chinese wealthy

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-04 @ 12:53:48 (21 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 474 words

Reading Time: 3 minutes read

Sentences: 14 lines

Sentence Length: 34 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 24113706

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