Standard Chartered Bank has established a new investment vehicle in Singapore called Standard Chartered Fund VCC (SC Fund).
The new legal entity will enable the bank to offer a range of funds that give clients access to unique investment strategies.
Partnering with the world’s leading fund managers Standard Chartered It aims to combine the expertise of top fund managers with its own team of global asset class specialists.
The partnership will offer customized investment strategies to the bank’s clients, aligned with an open architecture framework that selects best-of-breed solutions from across various fund managers and asset classes.
The SC Fund is managed by a team of investment professionals from various geographies who have extensive experience in manager selection.
The bank said its rigorous due diligence process ensures it identifies strategies that deliver consistently strong results.
The new series of funds will leverage the expertise of selected sub-investment managers who will be responsible for investment decisions and portfolio management.
These funds support long-term strategic asset allocation as part of clients’ underlying portfolios.
The service will initially be available to high net worth clients who qualify as accredited or professional investors in Singapore, Hong Kong and Dubai, specifically within the bank’s Priority, Priority Private and Private segments.
Patrick Lee
“SC Fund is pleased to partner with Standard Chartered Bank to bring its innovative solutions to Singapore and ASEAN markets,” said Mr Patrick Lee, CEO of Standard Chartered Bank Singapore and ASEAN and chairman of SC Fund.
“Singapore is a crucial market for Standard Chartered Bank, where the bank’s global business is based. The establishment of the bank’s first global VCC in Singapore underlines our commitment to strengthening the country’s position as a leading regional and global wealth centre.”
Through SC Funds, we will be able to issue and manage innovative and relevant fund solutions for our global high net worth clients in key markets across Asia, Africa and the Middle East, all from here in Singapore.”
Sameer Sabharwal
Samir Sabharwal, Global Head, Wealth Solutions, Deposits & Mortgages and Chief Client Officer, Standard Chartered Bank said:
“As a leading international wealth management company in Asia, we always strive to provide unique and exclusive solutions to help our clients manage and grow their wealth. Leveraging our wealth management expertise, strong heritage and extensive network in our base markets, we are constantly innovating to expand our suite of wealth management solutions.”
We are pleased to offer the initial SC Funds solutions to high net worth clients in Singapore, Hong Kong and Dubai, and look forward to extending the same services to clients in other key markets in the near future.”
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