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Wealth management gives banks an edge
Manpreet Gill (left), Chief Investment Officer, AMEE (Africa, Middle East and Eastern Europe) and Paul Njoki, Head of Affluent Banking and Wealth Management at StanChart Bank Kenya and East Africa during StanChart’s Half Two Global Market Outlook media briefing held on July 3, 2023 at Villa Rosa Kempinski Hotel in Nairobi. PHOTO | BILLY OGADA | NMG
Standard Chartered Bank Kenya announced that it had grown its assets under management to Sh148 billion at the close of 2022, representing a 13 percent year-on-year growth over the prior year.
Compared to the Sh155 billion (at the close of September 2022) in total assets under management by the 20 Collective Investment Schemes within the capital markets, this makes StanChart the single-largest promoter of pooled investments.
