The 400 planned hires are spread across retail banking and wealth management in Hong Kong, so not specific to private banking.

Standard Chartered is reportedly making a “significant investment” in its wealth management business in Hong Kong and is recruiting 400 staff. 

The UK-listed bank is investing around $25 million in its 70 Hong Kong branches over the next three years, adding to the $125 million it has already announced as an investment in digital services, media reports said.

The 400 planned hires are spread across retail banking and wealth management in Hong Kong, so not specific to private banking, a spokesperson for Standard Chartered told WealthBriefingAsia.

As reported by WealthBriefingAsia last week, Standard Chartered has appointed former UBS banker Raymond Ang as its global head of private and priority banking, based in Singapore.