Standard Chartered Posts Record Net New Money
The affluent banking business of Standard Chartered achieved an all-time high in net new money for the second quarter of the year.
Standard Chartered attracted $15.6 billion of net new money in the second quarter of 2025, according to a presentation of the bank’s financial results, marking a record high. This included 64,000 new-to-bank affluent clients.
In total, the bank saw $28 billion of inflows and 135,000 new clients in the first half. Income from wealth solutions also grew 23 percent to $1.5 billion, including double-digit growth in investment products and bancassurance, particularly in capital market products. This was driven by continued investments in product innovation, digitization and advisory capabilities.
Top Three Wealth Manager
According to group CEO Bill Winters, the bank is now one of the three largest wealth managers in Asia in terms of assets under management.
«In the broader Wealth & Retail Banking (WRB) business, we are reinforcing our position as a leading wealth manager across Asia, Africa
and the Middle East. With a strong combination of product innovation, advisory expertise and digital capabilities, we are seeing continued momentum across our fast-growing and high-returning international affluent franchise,» Winters added in a statement from the bank’s latest results.
In December 2024, Standard Chartered announced targets for its wealth management business for the next five years, including $200 billion of net new money and a double-digit compound annual growth rate for income from wealth solutions.
Overall, the bank’s pre-tax profit in the first half grew 26 percent year-on-year to $4.4 billion.
