Press release
Standard Chartered to launch Signature CIO Funds from GIFT City
IFSCA approval paves the way for the Bank to expand its wealth offering from India’s international financial services hub
Singapore – Standard Chartered (“the Bank”) today announced that it will begin offering wealth solutions from India’s Gujarat International Finance Tec-City (GIFT City) following an in-principle approval from the International Financial Services Centres Authority (IFSCA) to distribute Capital Market products. The approval marks an important milestone in the Bank’s efforts to broaden access to its global wealth capabilities.
The Bank expects to launch its Signature CIO Funds from GIFT City for eligible clients in the coming weeks, with additional wealth solutions to follow over time. The Signature CIO Funds are a suite of four funds designed to provide access to the Bank’s Chief Investment Office (CIO) investment strategies through diversified multi-asset portfolios spanning equities, fixed income, commodities, alternatives and cash.
Samir Subberwal, Global Head, Wealth Solutions, Retail Products, Data & Analytics, Standard Chartered, said: “We are seeing growing demand from affluent clients for internationally diversified portfolios, expert advice and seamless access to opportunities across markets. GIFT City provides a compelling platform to serve these needs, drawing on India’s growing role in global wealth creation and investment flows. This approval marks an important step in expanding our wealth capabilities through GIFT City, starting with the launch of our Signature CIO Funds and followed by a broader suite of wealth solutions over time. As a leading international wealth manager, we are well-positioned to connect clients to global investment opportunities through our network, CIO expertise and advisory capabilities.”
Since its launch in 2022, the Signature CIO Funds have attracted more than $5 billion in assets under management and are available across 12 markets, including Standard Chartered’s Private Banking centres.
Standard Chartered was the first foreign bank to commence operations in GIFT City in 2020 and currently provides a comprehensive suite of banking services to corporate and institutional clients from the centre. The latest approval further strengthens the Bank’s ability to serve clients across both their banking and wealth management needs through one of the world’s fastest-growing international financial centres.
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