StanChart bolsters teams in Hong Kong and Singapore in $100bn private banking drive

Pedro Gonçalves
clock • 1 min read

Standard Chartered plans to hire dozens of bankers in Hong Kong and Singapore as it makes a push to double its private banking assets to $100bn in the next three to five years. StanChart's global head for private banking and wealth management Didier von Daeniken told Reuters the bank will recruit 30-40 private bankers every year in the next two to three years to add to its roughly 300 existing relationship managers. Most of the hiring will be for the Hong Kong and Singapore offices. StanChart has big ambitions for its private banking unit. With $65bn of assets, the private banking bus...

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