Latest news with #JudyHsu
South China Morning Post
30-03-2025
- Business
- South China Morning Post
DeepSeek has boosted the faith of rich Chinese investors in tech stocks: StanChart banker
A recent correction in technology stocks is unlikely to dent Chinese investors' buying interest due to their belief in the companies' long-term prospects and Beijing's vision for the sector, according to a senior Standard Chartered executive. Advertisement Judy Hsu, CEO for wealth and retail banking, told the Post that high-net-worth individuals in mainland China had faith in the potential of tech firms ranging from artificial intelligence (AI) start-ups to information technology infrastructure builders despite talks about their frothy valuations. 'The AI boom in China has just started,' she said on Thursday. 'Investors chasing long-term returns are convinced that the market will continue to rise.' She was referring to the emergence of Chinese AI firm DeepSeek , which sparked a rally in tech stocks trading in Hong Kong and on the mainland since late January before profit-taking set in last week. DeepSeek's two powerful new large language models sparked a bull run in tech stocks in Hong Kong. Photo: Reuters DeepSeek released two powerful new large language models built at a fraction of the cost and computing power used by foreign firms. Its performance proved to be on par with ChatGPT, the generative AI chatbot developed by global leader OpenAI. Advertisement Chinese President Xi Jinping has also been urging integration of technology and industry to spur the world's second-largest economy with new productive forces.
Zawya
27-02-2025
- Business
- Zawya
Standard Chartered opens first ‘Priority Private' Wealth Centre in the Middle East, Europe, and Africa
Dubai, United Arab Emirates: Standard Chartered announced today the launch of its first 'Priority Private' centre in the Middle East, Europe, and Africa, dedicated to providing bespoke wealth management solutions for high-net-worth individuals (HNWI). The new centre caters specifically to the financial aspirations of the globally mobile HNW diaspora with international financial needs, enabling them to seamlessly manage, grow and transfer their wealth across generations. By leveraging Standard Chartered's extensive network, including wealth hubs in the UAE, Singapore, Hong Kong, Jersey (UK), and India, the 'Priority Private' centre offers clients access to an unparalleled range of international investment opportunities, multi-market lending facilities, and tailored wealth solutions. The centre features dedicated rooms for key international corridors, including Africa, India, China, Singapore and Jersey/UK, reinforcing the Bank's commitment to supporting clients globally. The offering is underpinned by a team of highly skilled, INSEAD certified, relationship managers and wealth specialists who provide expert guidance, ensuring that clients benefit from personalised advice aligned with their unique goals and circumstances. With a deep understanding of the cultural and financial preferences of HNW clients, the centre provides a truly bespoke banking experience. The centre will also serve as an exclusive venue for client events offering a unique space for networking and financial discussions. Rajesh Kannan, Managing Director, Head of Wealth and Retail Banking UAE and Head of International Banking EMEA, Jersey and Global Indian at Standard Chartered, said: 'The launch of our Priority Private centre in the UAE marks a significant milestone in our commitment to delivering world-class wealth solutions for internationally connected clients. By combining our global reach with local expertise, we are uniquely positioned to provide seamless access to financial opportunities that matter most to our clients.' He added: 'The UAE's strategic location as a global financial hub makes it the ideal choice for this initiative. The growing demand for cross-border wealth solutions requires a seamless and innovative approach. Our Priority Private centre represents a step forward in how we serve our clients, offering them the tools and expertise they need to navigate the complexities of global financial markets.' The launch, attended by Judy Hsu, Global Chief Executive Officer, Wealth and Retail Banking, and Rola Abu Manneh, Chief Executive Officer, UAE, Middle East and Pakistan, forms part of Standard Chartered's broader strategy to expand its Wealth and Affluent business and strengthen its proposition for globally connected clients. The centre will exclusively serve HNW clients and will also cater to the Bank's International offshore clients, which is at the geographic crossroads of Standard Chartered's network spanning across Asia, Africa, Europe, and the Americas. The Priority Private centre in the UAE is part of a growing global network across Standard Chartered's key markets, further solidifying the Bank's position as a trusted partner for clients seeking sophisticate international wealth solutions. For further information please contact: Khaled Abdulla, CFA® Director, Head of Communications Corporate Affairs, Brand & Marketing United Arab Emirates M: +971 55 655 7553 T: +971 4 508 3155
