Reported 1 day ago
Standard Chartered has announced a $1.5 billion investment in its wealth-management division over the next five years, focusing on affluent clients in Hong Kong, Singapore, Dubai, and Jersey. This move follows a 19% profit increase in 2024 and signals the bank's intent to enhance its position in Asia's wealth management market. With ambitious goals of attracting $200 billion in net new money by 2029, the investment will target improvements in digital platforms, client services, and overall growth strategies.
Source: YAHOO