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Standard Chartered to open 3 centres for wealthy customers in Hong Kong, tapping growing opportunities from Greater Bay Area, Southeast Asia
- It will open centres for high-end customers in Pacific Place, Mong Kok and Tai Wai in the coming months
- The lender’s Hong Kong office made a record pre-tax profit of US$1.02 billion for the first half, 166 per cent higher than a year earlier
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Standard Chartered plans to open three more of its special outlets aimed at wealthy clients in Hong Kong and hire more staff this year to capture growing opportunities from the Greater Bay Area and Southeast Asian markets, its top boss in Hong Kong said.
The London-headquartered bank, which makes most of its profit from emerging markets, will open financial management centres specifically for high-end customers in the tourist hotspots of Pacific Place, Mong Kok and Tai Wai in the coming months, Hong Kong CEO Mary Huen Wai-yi said in an interview on Monday.
Huen said the bank has taken on about 300 new staff in the first half of the year and expects to hire more for its new retail banking outlets, which are tailor-made for high net-worth customers coming from the bay area and other Asian markets.
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Even amid the pandemic, the bank opened two such centres, at K11 in Tsim Sha Tsui and Lee Garden in Causeway Bay, in the past two years.
“After the border reopened, we have seen strong demand from Greater Bay Area residents coming to Hong Kong to open new accounts, buy insurance and other investment products,” Huen said.
“In addition, we have seen strong interest from customers in the Asean countries who want to invest in the Greater Bay Area via Hong Kong, while mainland customers also want to use Hong Kong as a gateway to expand in the Asean countries.”
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