Standard Chartered Private Bank has established a new unit in Asia that aims to be a bridge between wholesale banking and private banking, by extending the capabilities of the former unit to the latter.

The newly-established Key Client Solutions Unit has been created to serve what are termed as “key clients” with over $25 million in investable assets, aiming to ensure private clients with corporate and investment banking needs receive tailored solutions that take into account their broader business and wealth management goals, the firm said in a statement.

“Many private banking clients in Asia are business owners. We see tremendous benefits for such clients in Standard Chartered building a closer connection between our private banking and wholesale banking businesses,” said Rajesh Malkani global head of the private banking business in the Eastern region.

Additionally, wholesale banking clients will be given access to Standard Chartered’s full range of private banking services, the firm said.

The new unit will be co-headed by managing directors David Koay, based in Singapore, and Terence Goh, based in Hong Kong. Both will report directly to Malkani.

Standard Chartered Private Bank said it plans to set up a similar unit for its Western business later this year.