The Business Times
business-time-50

StanChart banks on international ties amid demand for cross-border wealth needs: James Lye

It is part of the lender’s wider strategy to grow its affluent client business

google-preferred-sourceAdd BT as a preferred source
Tan Nai Lun

Tan Nai Lun

Published Wed, Jun 5, 2024 · 07:32 PM
    • StanChart's James Lye says: “We are almost like a local bank everywhere. It’s not a magic formula that people cannot copy. But having that presence, the history and the relationship with clients through generations is not so easy to do.”
    • StanChart's James Lye says: “We are almost like a local bank everywhere. It’s not a magic formula that people cannot copy. But having that presence, the history and the relationship with clients through generations is not so easy to do.” PHOTO: STANDARD CHARTERED BANK

    INTERNATIONAL banking is increasingly becoming a key driver for Standard Chartered Bank’s affluent business, as more clients look for wealth offerings outside of their home jurisdictions, said James Lye, StanChart’s global head of international banking.

    “Increasingly, (clients’ needs and our international corridors) play a part in driving where our growth is,” Lye said on Wednesday (Jun 5).

    StanChart’s international banking proposition is part of its wider strategy to grow its affluent client business and in the wealth management space.

    Standard CharteredWealth managementBanks

    TRENDING NOW

    Handled passively, satellite connectivity becomes a service that the telco distributes, while somebody else sets the economics.

    When every phone becomes a satellite phone, what happens to Asia’s telcos?

    The company says the disputes do not cast significant doubt on its ability to continue as a going concern.

    Koh Brothers Eco Engineering faces up to S$57.6 million in potential liabilities from legal disputes

    Under the Philippines’ new policy, up to four EV models will be provided with as much as 15 billion pesos each in fiscal support, in the form of tax payment certificates.

    Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry

    The planned DayOne data centre is expected to be the city-state’s first to feature on-site solid oxide fuel cell power generation.

    DayOne secures S$530 million green loan from DBS, OCBC and UOB for Singapore data centre

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More