The bank’s asset management arm has capitalised on demand for structured notes to post record results.

Standard Chartered Bank (SCB) wealth management has delivered ‘a record performance’ in H1 21 posting a 23% increase income to US$1.2 billion year-on-year (YoY), boosted by sales of structured notes, FX and equities. The growth was largely supported by the UK bank’s digital investments, which brought a 27% increase of the income excluding bancassurance YoY, according to its 2021 interim report. Digitalisation and technological development are key items on the group’s a