Standard Chartered has been streamlining the group’s private equity business since 2016. Photo: Reuters

Standard Chartered spins off private-equity arm, sells investment portfolio to UK asset manager Intermediate Capital

  • The bank has been reducing the size of its private-equity business since 2016, with an eye towards an eventual exit.
  • Bank expects to take a restructuring charge of about US$160 million related to the transaction.
Topic |   Standard Chartered Bank

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Standard Chartered has been streamlining the group’s private equity business since 2016. Photo: Reuters
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