Standard Chartered (STAN) Investor Update summary

Strategic growth outlook and priorities

• Investing $1.5 billion to accelerate growth, targeting $200 billion in net new money and double-digit income CAGR in Wealth Solutions by 2029.

• Affluent income share of Wealth and Retail Banking is set to reach 75% by 2029.

• Growth driven by rising affluence, expanding middle class, and generational wealth shifts in Asia, Africa, and the Middle East.

• On track to achieve 2026 targets, with 42% of the three-year net new money target and 45% of international client growth target achieved in nine months.

• Focused investment in international banking, digital, technology, and talent across key markets.

Financial performance and market positioning

• Affluent business contributes 27% of group income and a third of profits, with a cost-income ratio near 50% and >2.5x income return on RWA.

• Income and AUM have grown 15% and 23% year-on-year post-pandemic, with net new money reaching $34 billion in the first nine months of the year.

• Ranked as a top 4 wealth manager in Asia, with AUM growth outpacing top 20 competitors and international client AUM growth 2x that of domestic clients.

• Wealth Solutions income shows the strongest growth within the product suite.

• Consistent improvement in client satisfaction and Net Promoter Scores across key markets.

Client strategy and value proposition

• Serving 2.5 million affluent clients across a continuum from Premium to Private Bank, with significant up-tiering and a strong pipeline of high-value clients.

• Priority Private and Private Banking segments drive 75% of net new money and lead income growth.

• Global Chinese and Global Indian client segments show strong AUM and client growth, with tailored propositions and digital experiences.

• Systematic training and upskilling of RMs via the INSEAD Wealth Academy, with transparent rewards and clear career progression.

• Ongoing investment in digital capabilities, client centers, and frontline talent to support growth and client experience.