Standard Chartered Bank, on Friday announced the launch of ‘The Standard Chartered Private Bank’ in the country seeking to focus on business entrepreneurs and high net worth individuals (HNWIs).
With this, the bank is only seeking to exploit its natural strengths in the segments of business entrepreneurs and senior executives of high net worth individuals category having an investible wealth of over US$1 million.
It will be an extension of the Bank's Wealth Management businesses – integrating with the Consumer Bank, and tapping on the existing Wholesale Bank, SME and HNW customer base, noted Mr Peter Flavel, Global Head – Private Banbing.
“By 2008, The Standard Chartered Private Bank will be rolled out to the top 6 Indian cities and this will be among the largest presence we will have in any single market,” he added.
