Market Chatter: Standard Chartered to Spend $1.5 Billion for Wealth Management

MT Newswires Live

Feb 24, 2025

Standard Chartered (HKG:2888) will invest $1.5 billion in the bank's wealth management business over the next five years, the South China Morning Post reported Friday, citing Chief Executive Officer Bill Winters.

Activity from Chinese and Indian wealth management clients prompted StanChart to boost its wealth management product, the report said, citing Winters.

The plan comes as Chief Executive Officer Bill Winters said the city will be one of the focus areas for the investment, alongside Singapore, Dubai, and Jersey in the UK, the report said.

"Hong Kong has obviously had a little bit of a tough time over the past few years, but we feel that is stabilizing and actually improving. We are investing in that market as much as we ever have," the report said, citing Winters.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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We are investing in that market as much as we ever have,\" the report said, citing Winters.</p><p>(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"02888","symbol_name":"渣打集团","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2513157597","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2513157597","pubTimestamp":1740381197,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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We are investing in that market as much as we ever have,\" the report said, citing Winters.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}