Standard Chartered Private Bank
In this fiercely competitive space, Asian Private Banker deems one bank worthy of the Asian Private Banker Best Private Bank – India award.
Standard Chartered Private Bank may have made its local debut in 2007, but its parent company, Standard Chartered, has a rich 150-year history in India, making it the oldest (and largest) foreign bank, and the first to have an Indian depository listing at the Bombay Stock Exchange. On the back of this heritage, Standard Chartered Private Bank has built up a formidable private banking business in India, its five key centres in Mumbai, Delhi, Kolkata, Chennai, and Bangalore, serviced by a team of 40 relationship managers, 10 investment advisors, and a total staff number exceeding 90 persons.
Given that Standard Chartered’s domestic roots run deep, its private banking business has been able to tap into multi-generational relationships nurtured by the commercial bank, bringing to its clients a diverse array of services, including lending, mortgages, private equity, direct equities, investment products, and corporate banking. “We have experienced sound and sustainable growth so far which has been achieved through a consistent and focussed strategy, selective relationship manager hiring, and the ability to work across Standard Chartered to attract clients and to offer a comprehensive suite of financial solutions,” affirms Sandeep Das, Head of Standard Chartered Private Bank, India.
The strategy has clearly worked. An overwhelming majority of India’s richest nationals bank with Standard Chartered, leading Asian Private Banker to award Standard Chartered Private Bank the Asian Private Banker Best Private Bank – India award for 2012.