StanChart wealth unit’s income rises to Sh3.1bn

Standard Chartered Bank branch on Kenyatta Avenue in a picture taken on January 3, 2020. PHOTO | SALATON NJAU | NMG

Standard Chartered Bank Kenya’s #ticker:SCBK income from its wealth management unit grew by 21 percent last year to Sh3.16 billion, defying slower growth in assets under management in the period.

The lender launched the wealth management, targeting customers looking for professional investment advice.

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