Standard Chartered non-public Bank is considering selling its non-public banking operations Miami, Uruguay and Chile and is reportedly in early stages of discussions with potential consumers, reported Family Wealth Report.
According to report, if the talks with potential consumers fall through, then British bank, that encompasses a sturdy presence in Asia, can move the advisory centres to Asia and Europe.
The decision to sell follows a strategic review, in step with that the bank plans to focus totally on its core regions of Asia, and additionally EMEA and Africa.
A sale implies that the bank would not explore for new business from Latin America, especially when the continent is being widely related to wealth management trade with many trade players trying to achieve a grip.
The bank caters to its Latin America primarily based purchasers through an advisory centre mode and mainly focuses on providing cross-border services to international corporations and international financial establishments.
The UK-listed banking cluster expects its income to grow at a double-digit rate for the first six months of this year when compared to a similar period of 2010.
Subscribe to:
Post Comments (Atom)
Subscribe to email feed
