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Standard Chartered to launch Welath Academy

Source: Standard Chartered

Standard Chartered (“the Bank”) and INSEAD, one of the world’s leading and largest graduate business schools, today announced the launch of the Standard Chartered-INSEAD Wealth Academy, with a multi-year client engagement and wealth management global education programme for the Bank’s Relationship Managers and Wealth Specialists.

Co-created by financial and business academic experts from the respective organisations, the Wealth Academy aims to upskill the Bank’s relationship teams and nurture them to become future-ready advisors, providing timely, personalised and high-quality differentiated wealth advice to clients. The global programme will commence with its first cohorts of Relationship Managers and Wealth Specialists in Singapore and Hong Kong in early December 2021 and extend to teams in other markets over time.

The launch of the Wealth Academy and the programme strengthen the Bank’s strategic agenda to grow its Affluent banking business. It will deepen the relationship teams’ capabilities particularly in the areas of wealth advisory and client engagement such as behavioural skills.

The full programme comprises a three-part journey - Diploma, Graduation and Masters - that is structured and yet offers flexibility to allow for the development of individual preferences and goals. The programme will provide a strong foundational appreciation for finance and banking as well as distinctive expert knowledge and skills. Other components offered by the Academy will include wealth engagement modules curated and delivered by Fitch Learning, and a prestigious on-campus programme for top learners at INSEAD’s Europe campus in Fontainebleau, France, or San Francisco Hub. The modules offered in the Masters journey will include specialised electives such as sustainable investing and multi-generation wealth transfer, in partnership with the industry’s leading educational and professional institutions.

Judy Hsu, CEO, Consumer, Private & Business Banking, Standard Chartered, said: “As one of the largest wealth managers in Asia and given our presence in markets with almost 100 million affluent individuals, Standard Chartered is in a privileged and unique position to help our affluent clients grow and protect their wealth. By investing in our people, the Wealth Academy reinforces our commitment to deliver top quality advice to our clients. I look forward to a successful partnership with INSEAD as we continue to uplift the capabilities of our Relationship Managers and Wealth Specialists.”

Raymond Ang, Global Head, Affluent Clients, Standard Chartered, said: “With growing affluence in the markets where we operate, clients are more discerning and demanding better service from their banks. A highly competent and experienced relationship team allows Standard Chartered to deliver a differentiated experience to our clients. We believe in the upskilling and holistic development of our relationship teams and the Wealth Academy is our commitment to their career development and charting an attractive and progressive career path for them.”

Sameer Hasija, INSEAD Dean of Executive Education and Professor of Technology and Operations Management, said: “At INSEAD Executive Education, our vision is to train, motivate and inspire the executives who can make their companies more productive, more efficient and to contribute more to society. I am delighted to start this programme with Standard Chartered and am confident that the business school experience will be of tangible benefit to these wealth talents.”

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