Our Private Banking Academy in partnership with Fitch Learning and INSEAD

Standard Chartered Private Bank has partnered with Fitch Learning, a pre-eminent training and professional development firm, and INSEAD, a leading business school, to create a bespoke training programme for its global front-line staff that will enable them to deliver a higher level of service and advice to Private Banking clients.

Didier von Daeniken, Global Head, Private Banking and Wealth Management, said: “Our Private Banking Academy will deliver a forward-thinking curriculum that will equip our people to offer excellent service and relevant wealth management advice to clients in an ever-changing market environment. The Academy is a core part of our commitment to developing all of our employees, and we believe it will set a new industry benchmark.”

Based on its extensive experience, Fitch Learning has designed a customised programme to build the sales skills and product knowledge of the Private Bank’s front-line through a blend of classroom and online training. Launching in May 2017, the programme is mandatory for all front-line employees and will include a rigorous assessment process that leads to certification.

Andreas Karaiskos, CEO of Fitch Learning, said: “Fitch Learning is delighted to partner with Standard Chartered to establish their new Private Banking Academy. The Academy will provide world-class, dynamic learning modules to support Standard Chartered’s ambition and expansion in private banking and wealth management. Our investment over the years in our wealth management platform and expertise in developing technical and advisory skills will be fully deployed to support Standard Chartered in achieving their strategic goals.”

Selected high performers will also have the opportunity to attend an executive programme designed by INSEAD that will help them adapt to the fast-evolving and increasingly digital future of private banking.

Massimo Massa, The Rothschild Professor of Banking and Professor of Finance at INSEAD, commented: “In the fast-changing world of finance, new sources of competition have emerged and new opportunities are opening up. The role of a relationship manager is evolving into that of a trusted advisor who provides solutions, and this requires a refreshed set of skills, expertise and understanding of the client. Ensuring this successful transition will become a real differentiator for private banks. INSEAD’s unique long-standing expertise and in-depth knowledge of the industry allows us to provide a programme that is at the forefront of helping bankers acquire new skills and broaden ways of thinking.”

Standard Chartered continues to strengthen its Private Banking business with significant investment in its talent pool and technology: the Bank continues to selectively hire senior bankers over the course of 2017, and has recently partnered with Thomson Reuters to launch an industry-first digital tool to help its relationship managers deliver advice to clients more quickly and effectively, based on a single-point aggregation of its investment expertise.

For further information please contact:

Josephine Wong
Manager, Commercial & Private Banking Communications
Standard Chartered Bank
+65 6596 4690
josephine.wong@sc.com

Note to Editors

Standard Chartered Private Bank is the private banking division of Standard Chartered Bank (“SCB”). Private banking activities may be carried out internationally by different SCB legal entities and affiliates according to local regulatory requirements. Not all products and services are provided by all SCB branches, subsidiaries and affiliates. Some of the SCB entities and affiliates only act as representatives of the Standard Chartered Private Bank, and may not be able to offer products and services, or offer advice to clients. They serve as points of contact only.

In Singapore, Standard Chartered Private Bank is the private banking division of SCB, Singapore branch (Registration No. S16FC0027L) (GST Registration No.: MR-8500053-0).

In Hong Kong, Standard Chartered Private Bank is the private banking division of Standard Chartered Bank (Hong Kong) Limited (CE#AJI614) which is regulated by the Hong Kong Monetary Authority and the Securities and Futures Commission in Hong Kong.

In Jersey, Standard Chartered Private Bank is the Registered Business Name of the Jersey Branch of Standard Chartered Bank. Standard Chartered Bank, Jersey Branch is regulated by the Jersey Financial Services Commission. The principal place of business of the Jersey Branch of Standard Chartered Bank is: 15 Castle Street, St Helier, Jersey JE4 8PT.

Standard Chartered Bank is incorporated in England with limited liability by Royal Charter 1853 Reference Number ZC18. The Principal Office of the Company is situated in England at 1 Basinghall Avenue, London, EC2V 5DD. Standard Chartered Bank is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority.

In the United Kingdom, Standard Chartered Bank (trading as Standard Chartered Private Bank) is an authorised financial services provider (licence number 45747) in terms of the South African Financial Advisory and Intermediary Services Act, 2002.