Follow us on Twitter

Thursday, October 17, 2013

#StanChart #PrivateBank Assets Stagnate in Asian Wealth Hunt @Bloomberg

Standard Chartered Plc (2888)'s Asian private-bank asset growth has stagnated this year as the lender focused on wealthier clients and investment returns were curtailed by volatility in regional financial markets.

New minimum of $2mm and reducing number of accounts managed by each relationship manager to 30 from 50 to better service their clients. 

AUM stands at $50 billion. 

To read the entire article on Bloomberg, go to http://bloom.bg/GROS2C




No comments:

Post a Comment

Commented on

The Pangea Advisors Blog


Pangea on Twitter