Standard Chartered opens its largest branch in South India

 

Standard Chartered opens its largest branch in South India -

to have world class International Banking Centre for Global Indians

 

·       The International Banking Centre is housed within the relocated branch at Pantheon Road

 

·       International Banking Centre in Chennai, second centre, after Mumbai. To offer customised multimarket wealth solutions

 

·       Further Bank's focus on the Global Indian segment and accelerate growth in the Wealth and Affluent segment

 

Chennai, November 11, 2024, – Standard Chartered today announced the launch of its second International Banking Centre for Global Indians in the Pantheon Road Branch in Chennai. The International Banking Centre aims to cater to the affluent and high-net-worth individuals and manage their wealth and banking needs across the globe. The centre is housed in the recently relocated branch at Pantheon Road, earlier situated at Haddows Road. The Pantheon Road branch is the largest branch in South India, for Standard Chartered India.

 

The International Banking Centre is the second centre, following the launch of the first centre in Mumbai, last month. These centres are dedicated spaces within the Standard Chartered Bank branches, focussed on providing cross-border wealth solutions.

 

Today, the Indian diaspora across the world, as well as the affluent individual resident in India increasingly exhibit a "global" outlook for their personal, business and wealth requirements. The Bank is addressing this shift by providing a multi-market gateway for these clients leveraging its international wealth centres in Singapore, UAE, Hong Kong, Jersey (UK) and India.

 

The International Banking centre will offer a rich set of international solutions and experiences including access to signature investment opportunities, seamless international banking capabilities and cross border wealth and lending solutions, backed by highly experienced INSEAD trained relationship managers, who are based close to where the clients are. Our global network of wealth specialists and partner further support our clients to seamlessly manage wealth across borders.

 

Speaking at the occasion, Aditya Mandloi, Managing Director, Head of Wealth and Retail Banking, India and South Asia, Standard Chartered Bank, said, "With the global Indian clientele being a key focus for the bank, we launched our first International Banking Centre in Mumbai last month. Chennai will house our second such centre in our network, designed to meet the unique needs of Global Indians by offering tailored cross-border investment and wealth lending solutions. 

These centres will provide exclusive access to offshore investment opportunities, enabling clients to diversify their portfolios across global markets, leveraging Standard Chartered's extensive international network and deep expertise. This launch reinforces our continued commitment to grow the India franchise, by delivering seamless world-class solutions to our Private and Priority clients."

 

Nitin Chengappa, Managing Director, Head of Affluent Banking and Distribution Network, Standard Chartered Bank, India said, "Standard Chartered Bank recognises client's diverse wealth management needs and hence, brings access to a full spectrum of end-to-end financial solutions for every stage of clients personal and business journey.

The relocated Pantheon Road branch in Chennai is one of our flagship branches and the largest in South India. It will now house the second International Banking Centre that will cater to the multi-market financial needs of our clients, backed by our global network, technology and highly trained relationship managers."

 

For further information please contact:

 

Rajiv Banerjee

Head –Communications, India & South Asia

Standard Chartered Bank

Email: Rajiv.Banerjee@sc.com

Mobile: +91 99204 54102

 

 

About Standard Chartered

 

Standard Chartered Bank has been operating in India with a continuous presence of over 165 years making it one of the oldest foreign banks in the country. The Bank has a network of 100 branches across 42 cities. Key business segments include Corporate and Investment Banking and Wealth and Retail Banking. For more information, visit https://www.sc.com/in/

 

Globally, we are a leading international banking group, with a presence in 52 of the world's most dynamic markets and serving clients in a further 64. Our purpose is to drive commerce and prosperity through our unique diversity, and our heritage and values are expressed in our brand promise, here for good.

 

Standard Chartered PLC is listed on the London and Hong Kong stock exchanges.

 

For more stories and expert opinions please visit Insights at sc.com. Follow Standard Chartered on X, LinkedIn, Instagram and Facebook.

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