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StanChart says its US$100b AUM target is still on track

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StanChart's private banking clients now have an average AUM of US$20 million, says Didier von Daeniken, global head of private banking and wealth management. The bank's initial target market was clients with at least US$5 million.

Singapore

STANDARD Chartered said it is on track to grow its private banking assets to US$100 billion in the next two to four years, even as the virus fallout continues to roil global markets, a senior executive from the bank told The Business Times.

This comes as the bank has been...

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