Standard Chartered wins GIFT City nod for wealth-management launch
Standard Chartered has received in-principle approval from IFSCA to distribute capital-market products from GIFT City, paving the way for a retail wealth-management offering in the coming months.
Standard Chartered received IFSCA in-principle approval to distribute capital-market products from GIFT City, enabling a planned launch of retail wealth management services and expanding beyond its corporate and institutional banking offerings.
Why this matters
The approval advances Standard Chartered’s GIFT City wealth push, following recent signals on its in-principle approval for GIFT City wealth products and IFSCA nod for wealth management.
Retail-company signals are accelerating, up 150740% QoQ.