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StanChart sets $200 billion new wealth assets target, focuses on Chinese and Indian wealthy

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Standard Chartered (StanChart) will target $200 billion in new assets and double-digit growth in income from its wealth business over the next five years, as part of its wider strategy to shift to higher fee-earning businesses.
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Standard Chartered Plc has set an ambitious goal to attract $200 billion in new wealth assets over the next five years, as announced by CEO Bill Winters at the Hong Kong Abu Dhabi Financial Dialogue. This target is part of the bank's strategy to expand its wealth management business, particularly in Asia, the Middle East, and Africa. The initiative aims to capitalize on the increasing wealth in these regions, with a focus on enhancing its presence in key markets like Hong Kong and Singapore. The bank plans to achieve this by leveraging its established network, enhancing client relationships, and offering tailored financial solutions to high-net-worth individuals.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/finance/stanchart-targets-200-billion-new-wealth-assets-over-next-five-years-2024-12-03/ ]
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