Awards for Distinction 2012 – India


afd2012

Standard Chartered Private Bank

Sandeep Das

Sandeep Das
Managing Director and Head
Standard Chartered Private Bank, India

As the pull of India’s high net worth segment intensifies, those private banks which maintain a dedicated onshore presence hold an enviable advantage over their peers. And the prize is substantial. Recent industry reports show that the world’s second most populous nation has a high net worth population of 126,000 persons with a combined wealth of US$477 billion, accounting for 4.5% of total Asia Pacific high net worth individual wealth.

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.