Standard Chartered, a leading wealth manager in Africa, the Middle East and Asia, operates in the primary affluent centres of the Big 5 wealth markets - South Africa, Egypt, Nigeria, Kenya and Morocco. They account for 56 of Africa's high-net-worth individuals HNWIs and over 90 of its billionaires.
HNWI clients seek structured solutions to grow, protect and pass on their wealth. We have strengthened our propositions and capabilities, adding global experiences, wealth planning, family advisory and trust services. We also evolved our managed investments business to help clients build foundational and opportunistic portfolios.
The region remains a hub for family businesses, many facing leadership transitions and intergenerational wealth transfers. Countries are implementing long-term economic transformation initiatives, attracting capital and talent. New industries, like technology and renewable energy have created significant wealth-generation opportunities.
We have a strong local presence and an international network to capture the structural tailwinds driving cross-border wealth flows. Our open product architecture allows us to collaborate and innovate with partners to offer best-in-class and first-to-market wealth solutions. We support our small business clients with their trade, working capital, and banking needs.
In what ways is Standard Chartered Private Bank tailoring its wealth management offering to meet the unique expectations of African HNWIs?We view the increasing number of wealth management players in the region as a positive development for our clients. It gives us renewed impetus to drive innovation, deliver better service and greater investment choices. However, differentiation in private banking comes from deep client relationships, global connectivity and understanding multi-generational wealth needs - all of which are derived from our long track record.