Best Private Bank – Greater China
Standard Chartered Global Private Bank
Peter Tung
MD & regional head, GCNA, private banking, Standard Chartered Global Private Bank
We are deeply honoured to receive the award for Best Private Bank – Greater China. To be recognised as the leading private bank in the region for three consecutive years is a solid affirmation of our strategy, our disciplined execution, and our strong positioning in the market.
This achievement is a reflection of our team’s commitment to leveraging Standard Chartered’s global network and universal banking capabilities to deliver best-in-class investment and wealth planning advisory and solutions. We are dedicated to helping our clients realise their investment goals and their legacy ambitions.
We would like to extend our sincere gratitude to our clients for their trust and partnership. We remain committed to our mission to be the private bank of choice for generations of clients and their families.
Winners Rationale
“Standard Chartered Private Bank has been recognised as the Best Private Bank – Greater China, reflecting its strong growth and outstanding client outcomes across the region, even amid challenging macroeconomic and geopolitical conditions,” said Audrey Raj, editor of Asian Private Banker.
“Over the past year, Standard Chartered’s Greater China business achieved unprecedented financial milestones, including strong revenue growth, a significant share of transaction-based income, and an all-time high net new money, alongside improved operational efficiency.
“Client assets in Greater China surged, with the majority coming from mega and family office clients, complemented by strong contributions from HNW and UHNW segments. New client acquisition remained robust, supported by referral networks and existing client relationships.
“Since 2023, the private bank has made several enhancements across its Asia Pacific business, including a refreshed wealth planning and family advisory proposition that shifted from revenue-based to relationship-based advisory, a refreshed lending solutions team, and the launch of the solution partners initiative to deliver comprehensive one-bank advice in collaboration with the corporate and institutional banking business.
“These efforts have strengthened the Greater China business. The bank has also expanded its external asset management coverage in Hong Kong with new team leads and relationship manager hires, while appointing regional leads to support private market investments across Greater China and North Asia. Standard Chartered has also attracted top bankers and investment specialists from leading institutions.
“These achievements show that all the enhancements and initiatives are bearing fruit, highlighting the team’s efforts in delivering exceptional client outcomes, driving sustainable growth, and innovating across services and operations, reinforcing Standard Chartered Private Bank’s growing presence in Greater China.”
