StanChart's private banking grows 12%

Pedro Gonçalves
clock • 1 min read

Standard Chartered posted a substantial rise in pre-tax profit for 2019, with its private banking business registering a 12% increase. At the bank's private banking division, income grew 12% year-on-year to US$577 million, registering a third consecutive year of top line growth. "2019 has been a turnaround year for the Private Bank - our multi-year transformation has delivered a strong financial performance, and we are the fastest growing segment globally," said Didier von Daeniken, global head of private banking and wealth management. "What has been especially encouraging is that...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?