Strategy
Standard Chartered Plans Significant Hong Kong Wealth Build-Out
The 400 planned hires are spread across retail banking and wealth management in Hong Kong, so not specific to private banking.
Standard
Chartered is reportedly making a “significant investment” in
its wealth management business in Hong Kong and is recruiting 400
staff.
The UK-listed bank is investing around $25 million in its 70 Hong
Kong branches over the next three years, adding to the $125
million it has already announced as an investment in digital
services, media reports said.
The 400 planned hires are spread across retail banking and wealth
management in Hong Kong, so not specific to private banking, a
spokesperson for Standard Chartered told
WealthBriefingAsia.
As reported by WealthBriefingAsia last week, Standard Chartered has appointed former UBS banker Raymond Ang as its global head of private and priority banking, based in Singapore.