Standard Chartered targets high-net-worth Global Indian clients with refreshed proposition

Opens first International Priority Centre in Mumbai to offer
customised cross-border wealth solutions

Singapore – Standard Chartered (“the Bank”) today announced it has refreshed its Global Indian proposition within its Affluent segment which serves clients under Priority, Priority Private and the Global Private Bank. This is a comprehensive initiative to help affluent and high-net-worth individuals and their families seamlessly manage their international banking and wealth management needs across the globe.

Affluent individuals residing in India as well as the Indian diaspora across the globe have an increasingly “global” outlook for their personal, business and wealth requirements as their wealth continues to grow at a rapid pace. To address this growing wealth shift, Standard Chartered is refreshing its proposition to meet the needs by providing an interconnected gateway for these clients by leveraging its international wealth centres in Singapore, Hong Kong, the UAE and the United Kingdom.

The Global Indian proposition offers a comprehensive set of global solutions and experiences, including access to signature investment opportunities, seamless international banking capabilities and cross-border wealth and lending solutions. These international services tap on the connectivity and deep-rooted capabilities of the Bank’s four wealth centres as well as in India, providing clients access to both international and domestic markets and capabilities.

In addition, Standard Chartered’s newly opened International Priority Centre in Mumbai, India, a first of such centres globally, enables clients to enjoy the convenience of in-person branch services. Besides access to international financial solutions, the proposition offers clients unique lifestyle experiences including exclusive dining offers and travel assistance especially when traveling to India.

At the heart of the proposition is a team of highly experienced relationship managers who are based close to where the clients are. The team serves as the primary point of contact for clients and are supported by a global network of wealth specialists who help clients to seamlessly manage their wealth across borders.

Vinay Gandhi, Global Head, Global South Asian Community and Regional Head, Europe, Africa & Middle East, Private Banking, said, “For many decades, Standard Chartered has been serving the financial needs of domestic and non-resident Indian clients. In particular, wealthy Indians have a strong entrepreneurial spirit and are very sophisticated, with complex investment needs. It is important that as a bank who has served this segment for over 160 years, we continue to anticipate and meet their financial needs. Our Global Indian proposition reflects our commitment to be the leading international wealth manager for affluent clients.”

Rajesh Kannan, Managing Director, Head of Global Indian and Head of Wealth and Retail Banking UAE, Jersey (UK), Standard Chartered Bank, added, “The Global Indian proposition reinforces Standard Chartered Bank’s position as a leading international wealth manager for our affluent clients. The Indian diaspora now has a more “global” investment outlook. We are focused on managing this change by providing an international gateway for these clients by leveraging our international wealth centres combined with our deep-rooted knowledge and understanding of India to support their global wealth ambitions beyond borders.”

For further information please contact:

Valerie Tay
Wealth and Retail Banking Communications