Private Banks
Standard Chartered Private Bank
An independent review of Standard Chartered Private Bank by our team of experts
Book a Discovery CallSummary
Headquartered in London, Standard Chartered is a British multinational banking group with deep roots in Asia, Africa and the Middle East, operating across more than 50 markets.
As at the end of 2024 the group reported total assets of around USD 850 billion, with affluent assets under management of around USD 367 billion. It provides consumer, corporate and institutional banking and other financial services.
Standard Chartered is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
Pros
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Well-known
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Top-tier private bank
Cons
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Can be expensive
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Not the best way to invest
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Not a fiduciary
Our verdict
Standard Chartered is a large, well-established international bank with deep roots in Asia, Africa and the Middle East, and for senior international investors it is a serious name.
As with any bank of its scale, the traditional values you would expect from a private bank, trust and an uncompromising duty of care, are harder to sustain the larger the institution. Standard Chartered is also not positioned to go to the open market for the best available solutions; it recommends its own products and services, which tends to make the relationship more expensive than it first appears.
The distinction that matters is structural. A bank sells what a bank holds. Serious wealth work begins one level up, with the whole picture coordinated across your investments, structures, pensions, protection and succession, and with advice that answers to you rather than to a product shelf.
If you are already a private banking client of Standard Chartered, a no-obligation Second Opinion will show whether your portfolio still serves your plan, or whether the plan was ever the starting point. AES will also review the thinking that led to the investments you currently hold.
FAQs
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Does Standard Chartered offer Islamic banking?
- Yes. Standard Chartered offers Islamic and Shariah-compliant banking, with a network spanning Asia, Africa and the Middle East.
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Does Standard Chartered offer sustainable banking?
- Yes. Standard Chartered offers sustainable finance options for businesses and supports responsible operations and inclusive communities.
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Is Standard Chartered a Tier 1 bank?
- Yes. Standard Chartered is a well-capitalised Tier 1 international bank with a long history in global banking.
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Does Standard Chartered offer wealth management?
- Yes. Its Wealth and Priority Banking divisions offer tailored investment and advisory solutions.