Standard Chartered 10 Jun, 2024
The bank has set up its first variable capital company fund umbrella in Singapore and will use this to launch a series of funds available only to high-net-worth clients.
By James Phillipps
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Standard Chartered Bank has set up a Singapore fund umbrella that it will use to launch a series of funds, available solely to its wealth clients.
The bank has established its first VCC, the country’s popular fund structure lauded for its flexibility, and said it will partner with third-party asset managers to run the underlying funds.
The funds will be exclusively offered to the bank’s Priority, Priority Private and Private wealth customers, the bank said in a 10 June announcement. The funds will initially only be available to high-net-worth clients in Singapore, Hong Kong and Dubai, but will be offered elsewhere.
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