Driven by new business flows and a productivity uplift in the first half of 2012, Standard Chartered Private Bank has revealed revenue growth of 14% year-on-year, nearing US$300 million.
Driven by strong performance in major markets, Standard Chartered Private Bank has recorded revenue growth of 21% year-on-year to over US$500 million, with over 4,500 new client accounts.
To meet the desire of its private banking clients who wish to equip their children with the necessary knowledge and skills to manage businesses and secure their financial future, Standard Chartered Private Bank has been holding a series of education and business programmes.
To extend the capabilities of its wholesale bank to private banking clients, Standard Chartered Private Bank has launched what it calls a key client solutions unit to serve clients with over US$25 million in investible assets.
Standard Chartered Private Bank’s performance in 2010 saw it grow assets under management (AUM) by 31% globally and increase revenue by 23% to over US$400 million.
Ryan Gwee has been appointed to run Standard Chartered Private Bank’s China business.
Standard Chartered Private Bank is splitting its organisational structure into two regions, as part of what it described as a move to reflect its future growth aspirations.
Ex-Credit Suisse banker Markus Wolf has joined Standard Chartered in the role of director and business planning manager to Shayne Nelson, chief executive officer and global head of Standard Chartered Private Bank.
The Standard Chartered Private Bank has launched its inaugural “Summer Business School” for the children of its clients, as it looks to confront the challenge of next-generation education.
Shayne Nelson has started in his new role as global head of The Standard Chartered Private Bank, with a clear aim to grow the footprint of the business across Asia, Africa and the Middle East.
Shayne Nelson has been appointed as the new global head of The Standard Chartered Private Bank – being promoted from his position as regional chief executive for the bank’s businesses in the Middle East and North Africa.
Three senior private bankers have joined Standard Chartered Private Bank to strengthen its North-east Asian business.
