The lender has made new appointments to establish a family office for the super rich and begun an Islamic private banking service for rich Muslims. Standard Chartered Plc’s private banking arm says it aims to focus on business from super-rich clients as it expands its services to the wealthy in Asia, Africa and the Middle East.
The British bank typically defines such clients as those who have $25 million invested with the bank, and who are thought to have assets of at least $100 million; the industry refers to such clients as the ultra-high net worth (UHNW) category………………………………………..Full Article: Source