Following widespread speculation that Standard Chartered would seek to acquire Morgan Stanley’s India onshore wealth management arm, the British lender has put rumour to rest, formally agreeing to an acquisition which will see it bolster its assets under management (AUM) in India by 20%. According to a statement released by Standard Chartered, the bank says the purchase will “[complement] Standard…
Standard Chartered’s acquisition of Morgan Stanley’s India WM unit to boost country AUMs by 20%
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