From Yahoo Finance: 2025-05-15 04:10:00

Standard Chartered has launched a team focused on private equity firms, hedge funds, and sovereign wealth funds to expand its investment bank client base. The team, led by Molly Duffy and Jerry Zhang, will be based in New York, London, and Dubai. This move comes as StanChart aims to increase income from financial clients, with a focus on the U.S. market. Meanwhile, rival HSBC has scaled back its investment banking operations in the U.S. and Europe. Wall Street banks are facing concerns about an anti-American backlash amid President Trump’s trade war. StanChart’s strategy includes targeting private equity clients, banks, insurers, and asset managers. The bank’s revamped investment banking model also includes a new team for cross-border deals. The announcement coincides with an investor presentation on the bank’s overall business strategy.



Read more at Yahoo Finance: Stanchart builds US-based private equity team amid investment bank push