Standard Chartered plans to grow wealth business income, target $200 billion in new assets

From Investing.com: 2024-12-03 04:56:04

Standard Chartered aims to grow wealth business income by double digits and target $200 billion in new assets over five years. This strategy involves trimming retail banking in some markets to invest in wealth, upgrading branches, and expanding relationship manager team by 2028. HSBC has made similar moves. CEO Judy Hsu highlights focus on international banking needs. The bank is considering divesting wealth and retail banking operations in Botswana, Uganda, and Zambia.



Read more at Investing.com: StanChart targets $200 billion in new wealth assets over next five years By Reuters