Standard Chartered to launch digital platform aimed at tech-savvy, young investors
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The platform would allow investors to carry out investment research and trade a range of products such as stocks, funds and other alternative assets, Mary Huen Wai-yi, the bank's CEO of Hong Kong, Greater China and North Asia, said in a media briefing on Friday.
'Traditionally, many wealthy customers like to talk to bankers or relationship managers about their investments. But the new generation of investors may prefer to trade on a digital platform by themselves,' Huen said.
'This is why we believe a new digital platform would help us attract a new group of mass and premium clients who have the potential to become our private banking clients in future.'
The new platform was part of the lender's planned US$1.5 billion investment in the wealth management business over the next five years, with Hong Kong to be the focus of the expansion,
group CEO Bill Winters told the Post in February.
An exterior view of the Standard Chartered Wealth Management Centre in Central, Hong Kong, April 3, 2025. Photo: Nathan Tsui
The bank will also open its sixth wealth management centre in Hong Kong this year, after opening two such centres in Taiwan and three on the mainland in recent years. These have been effective in attracting wealthy customers to establish long-term relationships with the bank, Huen said.
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