You are here

StanChart's private bank is 'open to acquisitions'

It's very challenging to have sustainable profits as industry consolidates, it says

STANDARD Chartered Private Bank is open to growth via acquisitions, as the Asian private banking industry undergoes consolidation, said Rajesh Malkani, Standard Chartered's Private Bank head of North and Southeast Asia. Speaking on the sidelines of a private-banking event yesterday, he said: "It