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
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