Standard Chartered bank to consolidate private banking business
The Indian unit of Standard Chartered Bank has decided to consolidate its private banking business by relocating some of its relationship managers in centres such as Chennai, Bangalore and Kolkatta to Mumbai and New Delhi after being hit by cases of mis-selling of debt securities, earlier this year.
Standard Chartered Bank has launched an integrated direct and regional custody platform for its investor and intermediary clients to capture further opportunities in markets across Asia, Africa and the Middle East.