Standard Chartered Private Bank has linked its
private banking and wholesale banking divisions to create a Key
Client Solution unit to offer universal banking services to key
clients in Asia.
The Key Client Solutions unit is directed at
the private bank’s clients with $25m or more in investible assets
and bridges the private and wholesale banking divisions to offer
personalised solutions by considering clients’ broad business and
wealth management requirements.
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Similar unit in the West business
later
A similar unit will be launched for Standard
Chartered’s West business later in the year, the bank said.
Under the new unit, wholesale banking clients
will receive full access to services offered by Standard
Chartered’s private banking division.
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By GlobalDataThe global head of private bank, East region,
Rejesh Malkani, said that Standard Chartered saw “tremendous”
benefits for private banking clients who are business owners.
The unit will be co-headed by David Koay, who
is based in Singapore and has expertise in corporate finance, and
by Terence Goh, who is based in Hong Kong and mostly focuses on
wealth management.
