Standard Charted ramps up hiring

Standard Charted ramps up hiring

Singapore - Standard Chartered Private Bank has recently announced its plans to ramp up its number of relationship managers by 2013.

Currently, the bank has 450 relationship managers worldwide, out of which 135 are based in Singapore. However, the bank plans to add 300 more relationship managers globally to tap into the fast-growing Asia market, which is considered to be a new hotspot for ultra-rich clients.

According to Standard Chartered Private Bank CEO Shayne Nelson, he said, "I see this as a huge opportunity for us to grow for private banking sector across Asia, Africa and the Middle East. We need more relationship managers as we grow."

Other banks are expected to follow suit. At the recent 20th Private Banker International Wealth Summit, global private banks said they expect to see headcount rise by as much as 20 percent next year.

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