A visit by Standard Chartered’s global Wealth and Retail Banking management team to Jersey last month has reinforced the strategic importance of the business in the island.
Judy Hsu, CEO, Wealth and Retail Banking (WRB); Raymond Ang, Global Head of Private Bank and Affluent Clients; Samir Subberwal, Global Head of Wealth Solutions, Deposits and Mortgages and Chief Client Officer; and other senior WRB management team members were joined by Saif Malik, UK CEO and Head of UK Client Coverage in Jersey in late May. Members of the management team met with the Bank’s local team, as well as senior government officials and industry representatives.
Jersey branch CEO Henry Baye facilitated the discussions, which took place with senior government ministers, as well as representatives from the Jersey Financial Services Commission and Jersey Finance.
Judy Hsu, CEO, WRB, Standard Chartered, said: “Jersey is an important part of our affluent strategy and is widely regarded as one of the most developed and well-regulated offshore financial centres in the world. We remain committed to our business in Jersey, which plays a key role as one of our four wealth hubs, and it is timely that our WRB management team members have gathered here as we continue to leverage the strength of our network and expertise to meet the evolving needs of our affluent clients globally.”
Commenting on the visit, Henry Baye, CEO, Jersey, Standard Chartered said: “These were thought-provoking discussions that helped to demonstrate our commitment to Jersey and the confidence there is in the Island’s strength as an international wealth hub, as we look to continue to bring innovative solutions to the global wealth sector.
“Bringing the key individuals driving the evolution of Jersey’s finance sector together with some of our global WRB management team was a real opportunity to show the strength of our offering in the island and to be part of the conversations around how we can support the jurisdiction in maintaining its top tier standing.”