101 views

Standard Chartered sets up first global fund management unit in Singapore

The initial fund will be exclusive to Singapore, Hong Kong and Dubai clients.

British banking giant Standard Chartered Bank has set up its first-ever variable
capital company (VCC) in Singapore to offer high net-worth clients “custom-curated investment strategies.”

For its initial phase, the unit dubbed Standard Chartered Funds VCC (SC Fund) will offer funds that are exclusive to the bank’s high-net-worth clients with accredited and professional investor status in Singapore, Hong Kong and Dubai.

The platform aims to set up a series of funds focused on a long-term strategic asset allocation as part of a client’s foundation portfolio. 

To deliver unique and hard-to-access strategies, Standard Chartered said its team of global asset class specialists will collaborate with leading global fund managers in the industry who will serve as sub-investment managers.

“Through SC Fund, we will be able to issue and manage innovative and relevant fund solutions for our global affluent clients in key markets across Asia, Africa and the Middle East, right here from Singapore,” said Patrick Lee, CEO for Singapore and ASEAN of Standard Chartered and chair of SC Fund.

In September, the bank teamed up with Singapore-headquartered fintech Starfish Digital to boost its cash management offering with multibank connectivity service.

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Event News

Event News

SBR National Business Awards 2024 Winner: Wiseasy Technology Pte Ltd Cards & Payments
Lay Cheng Tan, Co-Founder & Chief Investment Officer, and Mayank Raheja, Managing Director (EMEA & SA) of Wiseasy Technology Pte Ltd, provided insights into preventing fraud and inefficiency with the WiseQ QR Payment Solution.
Cards & Payments SBR National Business Awards 2024 Winner: Wiseasy Technology Pte Ltd
Lay Cheng Tan, Co-Founder & Chief Investment Officer, and Mayank Raheja, Managing Director (EMEA & SA) of Wiseasy Technology Pte Ltd, provided insights into preventing fraud and inefficiency with the WiseQ QR Payment Solution.