In support of government’s vision of transforming Taiwan into an “Asia Asset Management Center,” Standard Chartered Bank has combined its global expertise with local resources to lead the wealth management market.
At a launch ceremony yesterday attended by Standard Chartered Bank’s global head of wealth solutions, deposits and mortgages Samir Subberwal, the bank in collaboration with its strategic partner Prudential Life Insurance and fund issuer First Securities Investment Trust launched its unique investment solutions to serve the needs of its high-net-worth clients in the Kaohsiung Asia Management Zone.
As a leading international bank, Standard Chartered integrates its global network with local market expertise, pioneering in launching many international innovative solutions in Taiwan. This not only helps accelerate value to our clients but also aligns with Financial Supervisory Commission’s (FSC) vision of the Asset Management Center in Taiwan. Going forwards, Standard Chartered Bank will continually strengthen the bank’s wealth management capabilities in collaboration with its partners to provide its clients with best-in-class services.
Photo courtesy of Standard Chartered Bank
During the speech made at the event, Samir Subberwal stated that this also demonstrates the high importance Standard Chartered places on Taiwan as a market. Subberwal said, “as a leading international wealth management institution, Standard Chartered leverages its distinctive international network spanning over 50 markets and 4 wealth hubs, combined with strong local influence, to create a diverse wealth management platform for high-net-worth clients. By integrating professional expertise and international experience, our wealth solutions are unique and innovative.”
Samir Subberwal emphasized that Standard Chartered is strategically positioning itself in Taiwan’s high-net-worth wealth management development picture. Standard Chartered has entered the local asset management zone in Kaohsiung in July and partnered with PCA Life Insurance as first international bank to launch Premium Financing solution in August, showcasing its collaboration with the global and local partners. The group has set its goal to achieve double-digit growth in wealth management business in five years, the potential of the Taiwan market is critical and highly promising.
Samrat Khosla, head of wealth management at Standard Chartered Bank Taiwan, stated that this year is the 40th anniversary of Standard Chartered in Taiwan. “Over these decades, we are privileged to grow and manage wealth of our affluent and high net worth clients. We have observed increasing expectations for global asset allocation, sophisticated wealth advisory and cross-border investment opportunities,” he stressed. Looking ahead, Standard Chartered remains committed to building its leadership by continuing to strengthen the bank’s capabilities and deepen its collaboration with its partners to deliver world-class wealth solutions to the clients.
In addition to the strong partnership with PCA Life Insurance, the bank also announced its collaboration with First Securities Investment Trust and Brookfield Oaktree Wealth Solutions to introduce the first Alternative Fund solution on an international banking trust platform for high-net-worth clients. By investing in non-traditional assets beyond stocks, bonds, and cash (such as private credit, private equity and real assets), the bank aims to reduce the overall volatility of high-net-worth clients’ investment portfolios, achieves goal of risk diversification, and returns enhancement and resistance to inflation.
Standard Chartered Bank Taiwan will continue to enrich its wealth management solutions with the introduction of Lombard Lending in the near future.
Cairo’s new monorail slices across the city skyline, running above the familiar chaos of blaring horns and aging buses’ exhaust fumes that mark rush hour below. The US$4.5 billion monorail, opened this month, is among Egypt’s most prominent new transport projects, part of a debt-funded infrastructure drive criticized for sapping state finances while bringing limited benefits to most of the country’s 109 million people. “It feels like you’re in a different country,” said Ramy Sayed, a restaurant manager, aboard a driverless Innovia 300 train. “No noise, no traffic, we’re not used to this.” The eastern line runs 56km from the bustling middle-class
Taiwanese firms have increased investment in the Philippines in recent years as Manila’s ties with Washington deepen and global supply chains continue to shift away from China, an expert at the Chung-Hua Institution for Economic Research (CIER, 中華經濟研究院) said yesterday. The Philippines had not been among Taiwanese investors’ top choices in Southeast Asia, CIER Taiwan ASEAN Studies Center director Kristy Hsu (徐遵慈) said at a seminar in Taipei. However, Taiwan’s investment in the country has grown significantly since the COVID-19 pandemic, reaching US $257 million last year, a high in recent years, she said. Although Taiwan’s total investment in the Philippines still lags
Starlux Airlines Co (星宇航空) today unveiled a long-haul network expansion plan at a shareholders’ meeting in Taipei, including direct flights to Barcelona, Spain, and Zurich, Switzerland, as well as a service connecting Taipei, Sydney and New Zealand. Starlux is to become the first Taiwanese carrier to offer non-stop services to the two European cities, while the inaugural oceanic route is expected to expand transit opportunities within the Australia-New Zealand market, Starlux said. Flight services to Chicago, Dallas, Washington and New York are under evaluation, the airline added. Prior to the shareholders’ meeting, the airline earlier this year announced that it would be
Intel Corp regards Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) as a longstanding partner, as the US chipmaker would continue outsourcing production of advanced chips to TSMC, Intel chief executive officer Lip-Bu Tan (陳立武) said yesterday. “I don’t look at people as competitors. I look at the collaboration... Nvidia is also, you know, a good friend,” Tan told a news conference following his keynote speech at the Computex trade show in Taipei. “It’s a very trusted partnership for us... We are a big, top customer for them, and we’re going to continue doing that,” he said, referring to TSMC, the world’s largest foundry
RSS