Tech And Innovation Drive The Next Chapter For Thailand’s CP Group

Suphachai Chearavanont, Senior Vice Chair and CEO of CP Group

From its humble roots, Charoen Pokphand Group Co., Ltd. (CP Group) has grown to become Thailand’s largest private multinational company, with businesses spanning agriculture, food, retail, telecommunications, pharmaceuticals, finance and banking. For over a century, the group has managed to survive and thrive, adapting to changing business realities along the way.

Today, as new technologies and customer expectations redefine the business landscape globally, CP Group is not only embracing these changes but turning them into opportunities for growth and diversification. By fostering innovation on all fronts and utilizing technology in a meaningful way, the company recognizes that rapid evolution is key to its competitiveness in the long run.

Leading these efforts is CP Group’s Senior Vice Chair and CEO Suphachai Chearavanont. “Businesses today are facing the trends of digitalization, decarbonization and deglobalization, which are testing how quickly they can adapt,” he says. “These are having a profound impact on every aspect of our lives and business operations.” In response, CP Group is investing in artificial intelligence (AI) and data capabilities, reducing carbon emissions and deepening regional ties to support resilient supply chains.

“Technology is critical for remaining competitive and ensuring future growth and resilience. We invest in and develop innovative technologies to enhance our customer experience, create meaningful value for the communities we serve and increase our efficiency,” Chearavanont says. “This is core to who we are.”

This references the company’s long-standing and deeply embedded “Three Benefits Principle,” which states that the business benefits first the communities it engages with, then the countries it operates in and finally the company itself.

“To drive meaningful change, digital initiatives must align with the strategic direction of the group and of our individual businesses,” he adds, stressing the need to balance the company’s immediate needs with its long-term vision. “We have progressed well because we are adopting technology with purpose—in a way that is clearly aligned with the business we want to build.”

Innovation at its Heart

Innovation has always been central to the company’s strategy, dating back to its humble beginnings as a small seed trading company in 1921. The Airplane brand seeds sold at the shop were the first agricultural products to carry a quality guarantee. In 1959, the business started vegetable seed experimental farming, and by 1970, it had pioneered the use of rearing house management technology and poultry farming with Arbor Acres chickens, then considered the world’s best chicken breed. In 1973, it built Southeast Asia’s largest and most modern feed mill. This spirit of innovation has endured over the years, leading it to achieve one milestone after another.

Today, CP Group has eight business lines across 14 business groups. Over 60% of its revenue comes from overseas operations in 21 countries, where it has manufacturing plants, livestock farms, retail stores, distribution centers, hypermarkets, supermarkets, mini supermarkets, and research and development centers. In 2023, the group reported total revenue of 3.32 trillion baht (US$100 billion).

“We are continuously learning, evolving and embracing change. Over the past century, we have been fortunate to grow and adapt to changing consumer needs across our lines of business,” Chearavanont says. “The digital evolution is the next chapter and one that we have been embracing and championing across the group and across society.”

AI and Advanced Technologies

AI and advanced technologies have a crucial role to play in both social and economic development. CP Group has been exploring the potential applications of AI for some time now, leveraging the technology across several essential areas of its business—ranging from precision farming and supply chain optimization to customer insights and predictive analytics in retail and finance.

In retail, for instance, AI helps CP Group understand customer preferences better, resulting in personalized products and services that resonate with individual needs. In healthcare, AI is improving access to healthcare and outcomes for communities. The MorDee telehealth app by CP Group’s telecom-tech arm True Corporation (True) demonstrates this by using AI to connect users with doctors best suited to their symptoms, analyze health data for personalized treatment options, and help patients obtain prescriptions and file their insurance claims quickly.

At CP Foods, a CP Group subsidiary, AI is utilized in agriculture to provide data-driven insights that help the company increase crop yields, manage resources sustainably and reduce waste. This aligns with its broader goals of improving food security and addressing climate challenges. 

The use of AI in animal husbandry is also a transformative step for CP Foods. For example, AI helps detect health issues in animals early, reducing the need for antibiotics and improving food safety and quality. 

Chearavanont believes that the most impactful technologies in the food sector will be those that contribute to solving global and local challenges like food security by addressing specific issues across the food value chain, from farm to table. “I think these will be related to advanced data analytics, automation, biology and energy,” he says.

Sustainability and innovation go hand in hand.

Blockchain, for instance, enables the company to securely trace its fresh poultry, pork and shrimp products at every step of their journey to the consumer. This enhances food safety and supply chain efficiency while allowing the company to verify sustainability compliance. Innovative concepts in food, such as probiotic-fed and chemical-free animal products, are also paving the way for safer, more nutritious options and more sustainable production.

Furthermore, zero-waste systems, like converting waste into fertilizer, and the Internet of Things, such as sensors and smart cameras to monitor animal health and optimize feeding, help the company move closer to achieving a circular economy.

“We are deploying innovative ways to create a regenerative business model that builds sustainability, resource efficiency and waste minimization across our food supply chain,” says Chearavanont.

This includes improving equipment and manufacturing processes to reduce food loss and repurpose byproducts, such as making fishmeal from fish trimmings not fit for human consumption and producing organic fertilizers from eggshells generated by its poultry business, which would otherwise be disposed of. By using this organic fertilizer produced in its crop farming, the company reduces the need for chemical fertilizers and enhances soil health.

Chearavanont adds: “We are also moving toward recyclable, biodegradable and reusable packaging materials and making significant investments in renewable energy, including solar and biomass, for our operations.”

In 2023, Chearavanont introduced the Sustainable Intelligence (SI) principle within CP Group. “SI ensures that we are wise and purposeful when embracing advanced technologies. We must make sure that we remain rooted in ethical principles with a deep sense of responsibility to society. To do this, we must focus on preparing our people. This isn’t just about upskilling our own employees, but it’s also about educating underserved communities to ensure that no one is left behind,” Chearavanont says.

For CP Group, the private sector has a collective responsibility to work in partnership with the government and society to achieve this vision, and drive a digital transformation guided by a human-centered approach.

“By focusing on SI and AI, we can build a more just and equitable society, equipped to tackle global challenges and create lasting, positive impact,” he adds.

Through CONNEXT ED, CP Group is committed to supporting the younger generation.

Promoting Financial Inclusivity and Digital Literacy

Also gathering momentum is Ascend Money, a fintech firm established in 2013 under CP Group that has evolved from a digital wallet into a multi-service digital financial platform empowering people across the region.

“We recognized the critical need for greater financial inclusion and equitable economic growth in the region, and the powerful role that technology can play in tackling related challenges” says Chearavanont of its launch.

Ascend Money provides digital financial services to individuals and small businesses across the country, giving them the chance to take control of their financial future. This helps to reduce financial disparities, foster social mobility and alleviate poverty, which is aligned with CP Group’s “Three Benefits Principle” and demonstrates how the company is leveraging technology with clear purpose.

Meanwhile, the True Money app, offered by Ascend Money, is an e-wallet platform available in Thailand, Cambodia, Indonesia, Myanmar, the Philippines, Malaysia and Vietnam. With over 50 million users, the platform connects individuals and small businesses to the financial system across the region. These developments are essential as they allow businesses to grow beyond their domestic markets, facilitating smoother trade and boosting the digital economy.

For Chearavanont, cross-border financial solutions are key to unlocking the potential of Southeast Asia’s rapidly expanding digital economy, which has the potential to reach US$1 trillion by 2030.

“I believe that CP Group’s role in these developments goes beyond being a service provider. We are a partner in fostering a more inclusive and integrated regional economy,” Chearavanont says. “We will continue to work with governments and stakeholders to ensure that our technologies support the growth and sustainability of ASEAN’s digital financial infrastructure.”

The public is encouraged to report burning incidents through the F-Farm app.

The Path to Sustainability

Sustainability and innovation go hand-in-hand, and integrating them is essential for the group’s future growth and resilience. This year, True aims to reduce greenhouse gas emissions and energy consumption by up to 15% per network site, thanks to predictive AI. Additionally, True plans to install solar panels at up to 11,200 sites and data centers, saving an estimated 64,000 MWh of electricity annually.

CP Foods is also set to reduce 100,000 tons of carbon dioxide equivalent each year through a reformulated animal feed, following the Food and Agriculture Organization’s Climate Smart Agriculture Framework. Its Thai Rice NAMA project, in collaboration with the governments of Thailand, Germany and the United Kingdom, has trained tens of thousands of Thai rice farmers in low emission farming techniques, significantly reducing methane emissions. CP Foods has also mobilized multiple stakeholders to address PM 2.5 dust pollution—caused by fine inhalable particles with diameters that are generally 2.5 micrometers or smaller—by using satellite imaging to monitor crop burning while encouraging the public to report burning incidents through its F-Farm app.

“Our goal is to be carbon neutral by 2030 and net zero by 2050. There is still some way to go but we believe we are making good progress,” says Chearavanont.

Workforce of the Future

Key to CP Group’s vision of being a leading technology-driven company known for pioneering innovative solutions to global and local challenges is the ability to nurture a culture of continuous learning and innovation.

In Chearavanont’s words, “We must stay open and curious—internally and externally, empowering our people through training and educational initiatives that develop their tech fluency and entrepreneurial capabilities.”

Through its talented workforce, CP Group has more than 7,500 patents registered for innovations and inventions, furthering its impact globally. It is also collaborating with a growing network of partners and together they are continuously exploring ideas and technological solutions to address critical issues such as food security, financial inclusion, sustainability initiatives and healthcare access.

CP Leadership Institute trains thousands of employees every year.

One of its flagship internal initiatives is the establishment of the CP Leadership Institute, where 4,000 employees are trained annually. The program emphasizes not only technical skills but also critical thinking and problem-solving capabilities. It also connects the organization’s leaders with its people across the group, helping to prepare them for a future at CP Group while encouraging a deeper sense of engagement.

As the Senior Chairman of the Digital Council of Thailand (DCT), Chearavanont also recognizes that digital literacy is key to not only CP Group’s long-term competitiveness but also the country’s. To accelerate Thailand’s digital transformation, DCT focuses on initiatives that enhance the nation’s digital infrastructure, support government digital ecosystems and nurture a digitally skilled workforce. The council is advocating for the establishment of a national board of transformation to help Thailand stay competitive and to oversee and integrate digital transformation policies across sectors. This will bolster the country’s growth, from digital literacy across the workforce to strengthening Thailand as an innovation hub.

“It’s a combined effort. Our partnerships with public and private sectors, as well as educational institutions and tech companies, will help accelerate our progress into Thailand’s 5.0 era,” says Chearavanont.

CP Group’s entrepreneurial roots give it a natural inclination to support innovation and industry disruption. True Digital Park, one of Southeast Asia’s largest tech and startup hubs, brings together more than 5,800 players from around the world in an integrated ecosystem, convening investors, innovators and industry leaders to collaborate and share knowledge. This fosters talent growth and the development of innovative solutions.

CP Group also champions CONNEXT ED, a nationwide public-private partnership set up to address educational challenges in the country. Chearavanont emphasized that the group is committed to supporting the younger generation—the driving force for the future of the nation and the world.

Guided by its “Three Benefits Principle” and a vision for sustainable innovation, CP Group is not just poised to help take Thailand into the 5.0 era, but to shape a future where technology and responsibility go hand in hand—creating lasting value for communities, countries and the world.

   

www.cpgroupglobal.com

Tailored Wealth Strategies For The Globally Mobile

Imagine a successful entrepreneur in their 40s or 50s, with thriving business interests across Asia, property investments in Europe and the Middle East, and children attending universities around the world. Their wealth is not only spread across borders, but also spans a wide range of business and personal needs. Having spent most of their career growing their fortune, they are now focused on preserving their wealth and passing on a legacy that reflects their values.

This situation is typical of today’s ultra-high net worth individuals (UHNWIs), whose needs are becoming as complex and diversified as their portfolios. To realize their financial ambitions, many are seeking sophisticated wealth management solutions that go beyond traditional banking services.

By leveraging the capabilities of a global banking group, Standard Chartered Private Bank is able to offer its UHNW clients a comprehensive suite of capabilities tailored to meet their unique requirements.

Driving Performance With Expert Insights
A key component of this tailored approach is Standard Chartered’s Chief Investment Office (CIO), which provides expert guidance to UHNWIs, helping them make well-informed investment decisions. At the heart of the CIO’s advisory approach is an investment philosophy designed to counter common behavioral biases in decision-making. The CIO team leverages diverse perspectives—both internally and externally—to offer clients a balanced, well-rounded view of the market outlook. Through carefully crafted asset allocation models and sector insights, the CIO team provides customized investment recommendations across multiple asset classes.

Unlocking Opportunities in Private Markets
For many UHNWIs, traditional public markets by themselves do not offer all the opportunities for clients to achieve their wealth growth goals. They are increasingly turning to alternative solutions and private markets to diversify their portfolios and achieve greater resilience. Standard Chartered Global Private Bank provides the connection to these hard-to-access opportunities in private market investments, which are traditionally reserved for large institutions.

Customized Lending Solutions
Structured lending has become another essential tool for UHNW clients who need to manage both growth and liquidity. Standard Chartered Global Private Bank’s structured lending solutions cater to various financing needs, from enhancing yields on investments to unlocking capital in concentrated stock holdings. For example, clients with significant single-stock holdings can access liquidity to diversify their portfolios without sacrificing control over core assets.

These lending solutions also address short-term liquidity requirements, helping clients navigate both personal and business investments. For instance, the private bank recently helped a Southeast Asian client refinance a large loan, originally held with another private bank.

“Based on past experience, the client was concerned about whether a new banking partner would truly understand his needs, and be committed to a long-term relationship. We responded by structuring a three-year lending solution at competitive pricing, demonstrating our understanding of the client’s need and desire to forge an enduring partnership with him,” says Tristan Tan, Global Head, Structured Lending, Standard Chartered.

Planning for Future Generations
As UHNW families expand and financial priorities shift, Standard Chartered is able to provide them with comprehensive services related to succession planning, family governance and intergenerational wealth transfer. With a deep understanding of its clients’ long-term goals, the bank helps preserve family legacies through governance structures that reflect each family’s values.

To further support legacy and succession planning, Standard Chartered recently hosted a Global Family Network Forum in Hong Kong, where UHNW families from around the world gathered to share insights. The bank also emphasizes the importance of engaging the next generation and has plans for programs that will equip future family leaders with the knowledge necessary to manage wealth in a rapidly evolving financial landscape.

Meeting Holistic Financial Needs
As part of a global financial institution, Standard Chartered Global Private Bank is able to offer both personal and corporate financial services. A single relationship helps UHNW clients to manage all aspects of their wealth by bringing together specialist teams to offer the relevant personal and corporate banking solutions, such as debt issuance and trade finance.

Alongside its direct services to UHNWIs, Standard Chartered also supports External Asset Managers (EAMs), who serve wealthy clients and family offices across Asia. Through this partnership model, EAMs gain access to Standard Chartered’s extensive network, infrastructure and full suite of products while maintaining direct relationships with their clients.

“This collaboration ensures that EAMs have the support they need to fulfill UHNW clients’ needs comprehensively. It also reflects Standard Chartered’s commitment to delivering end-to-end solutions for UHNWIs, whether directly or through trusted advisors,” says Vic Malik, Global Head, EAM, Standard Chartered.

As UHNW clients increasingly seek financial services partners that understand both the complexity and unique nature of their wealth management needs, Standard Chartered Global Private Bank has demonstrated its ability to deliver comprehensive solutions that empower its clients at every stage of their wealth journeys.

www.sc.com/en/wealth-retail-banking/private-banking/

Gyeongju To Host 2025 APEC Summit

Gyeongju Hwabaek International Convention Center

South Korea is renowned as one of the leading meetings, incentives, conferences and exhibitions (MICE) destinations in the world, attracting thousands of visitors every year who attend a range of events, from large trade shows and smaller-scale meetings to global summits and corporate retreats. The number of visitors to Korea for business-related meetings has increased, with many extending their stay to experience the country’s rich culture, cuisine and shopping. 

Backed by a track record of successfully hosting international events, Korea is gearing up to host the 2025 Asia-Pacific Economic Cooperation (APEC) Summit in the southeastern city of Gyeongju.

APEC comprises 21 member economies along the Pacific Rim, including the United States, China and Japan. Founded in 1989 as a ministerial-level meeting, APEC has held annual summits since its inception. Korea previously hosted the 13th APEC Summit in Busan in 2005, and the 2025 APEC Summit will mark the country’s second time hosting the event in two decades. The 2025 APEC Summit will carry the theme “Building a Sustainable Tomorrow: Connect, Innovate, Prosper,” although the details are still being finalized.

Gyeongju Expo Park

Gyeongju, the Next Host City

Gyeongju seamlessly blends unique Korean traditions with modern culture, providing guests with a unique experience as it hosts the 2025 APEC Summit. It was the capital of the ancient Silla Dynasty, which ruled for over 1,000 years. Today, this historical city has a population of over 250,000 people and is recognized as a living museum.

It is home to three UNESCO World Heritage Sites: Seokguram Grotto and Bulguksa Temple, the Gyeongju Historic Areas and Yangdong Village. These landmarks offer a glimpse into Korea’s traditional culture, including its Buddhist and Confucian heritage. Around Bomun Lake, where the summit will be held, visitors can enjoy stunning landscapes, including the Bomunjeong Pavilion, of ten described as a “scenic beauty of Korea.”

Gyeongju National Museum

In addition, the city is equipped with modern infrastructure, including professional conference facilities such as the Gyeongju Hwabaek International Convention Center and reputable accommodation. Furthermore, the Gyeongju National Museum, Gyeongju Expo Park and Hwangnyongwon can also serve as unconventional venues for conferences or meetings, each offering a unique and distinctive atmosphere.

Visit Korea and Explore Gyeongju

Take this opportunity to explore Gyeongju, the host city of APEC 2025. If you are curious to learn more about its rich history and offerings, start planning your visit. With its distinct scenery throughout all four seasons, you will discover why Gyeongju has grown from a tourist city to a rising destination for the MICE industry, making it the perfect host for the 2025 APEC Summit.

 

www.koreaconvention.org

 

From Data To Impact: How ADA Is Revolutionizing Digital Commerce In Asia

Artificial intelligence (AI) and data technologies have evolved rapidly, reshaping industries over the past few years. No longer just a tool for segmenting customers by demographics or purchase patterns, AI now drives strategic decisions, transforming industries by enhancing customer experience and improving efficiency.

ADA, an AI and data company operating in 12 markets in Asia, has been a key player in this transformation. Over the past six years, it has grown significantly, becoming a leader in digital and data-driven business transformation across Asia.

Asia’s AI and Tech Leader

Founded in 2018, ADA has helped enterprises achieve their business goals, especially in marketing and commerce. Its data-driven approach has fueled rapid growth, making it one of Asia’s largest independent data, AI, and technology firms.

ADA employs more than 1,400 people and serves over 1,500 clients in 12 markets, including Japan, South Korea, India, and ASEAN countries. Its customers span various sectors, such as banking, insurance, retail, fashion, oil and gas, telecommunications, food and beverage, and automotive.

ADA’s AI CoPilots unify disparate data, visualize insights, and use AI models to drive real-time decisions.

Srinivas Gattamneni, CEO of ADA, attributes the company’s success to its deep belief in the power of data and AI. “Our foundation is built on the conviction that AI is the future of data,” he says. “We focus on helping clients establish strong data foundations through engineering and analytics, enabling them to turn that data into personalized actions. From there, our AI CoPilots and digital operations drive impactful outcomes across the entire customer journey, fueling commerce success at every touchpoint.”

Gattamneni emphasizes ADA’s focus on business impact for clients. “Everything we do is outcome-driven, whether it’s driving sales and revenue growth, increasing customer lifetime value, or reducing customer acquisition costs,” he says. “Our goal isn’t just to provide solutions but to deliver measurable, transformative results.”

AI’s Growing Influence

AI is now a critical driver of revenue and growth, not just a supporting tool. Gattamneni says AI influences up to 35% of revenue in global industries, highlighting its role in shaping consumer behavior.

Sectors like travel and financial services have seen significant impacts from AI-driven innovation, while many traditional industries are just beginning to explore AI’s potential. “The trend is still in its infancy, but AI’s influence will grow across all sectors. We’re on the brink of a future where AI will be central to everything from content creation and marketing to commerce,” says Gattamneni.

Hyper-Customization at Scale

Data and AI are set to revolutionize marketing and commerce further in the coming years, particularly through hyper-personalization. Current personalization targets broad segments, but AI enables truly individualized strategies.

Srinivas Gattamneni, CEO of ADA

“With generative AI, we’re moving toward one-to-one marketing. Brands will be able to create highly personalized, dynamic content for individual consumers at a fraction of the historical cost,” Gattamneni says. “What was once cost-prohibitive is now achievable, allowing companies to engage consumers in a more meaningful, tailored way. We can now produce individually personalized creative content for close to one cent,” he adds.

Real-time pricing is another emerging trend, with product prices usually based on historical data. “With AI, companies can implement real-time pricing using factors like consumer demand, competitors’ pricing, marketing strategy, supply chain, and overall consumer behavior,” he says.

Gattamneni expects augmented reality (AR) and virtual reality (VR) to play bigger roles in the future of commerce, allowing consumers to visualize how products fit into their lives. For example, consumers can use AR to virtually try on clothes, shoes, and accessories from home, offering a personalized shopping experience and eliminating the need to visit stores.

Building a Strong Data Foundation

ADA’s advantage, Gattamneni says, is its team of data scientists, data engineers, analysts, and industry specialists, whose combined expertise helps the company understand clients’ needs and deliver tailored solutions to meet business goals.

One key solution driving significant momentum is ADA’s suite of proprietary AI CoPilots. Launched in April, the CoPilots combine disparate data sets, visualize key insights in robust dashboards, and use AI models to support critical real-time decisions.

There are four versions: CoPilot for Full Funnel Marketing, CoPilot for Ecommerce, CoPilot for Conversational AI, and CoPilot for Customer Segmentation. “If you’re an e-commerce specialist, you can use CoPilot to get an integrated view of performance across all channels. You’ll see where demand is coming from, and with predictive and prescriptive AI models, you can make quick decisions on operations, pricing, and demand planning across channels and marketplaces,” he says.

“Our foundation is built on the conviction that AI is the future of data. We focus on helping clients establish strong data foundations through engineering and analytics, enabling them to turn that data into personalized actions.”—Srinivas Gattamneni

“For e-commerce specialists, CoPilot can help you make better marketing decisions across the full funnel and get a clear visibility of every dollar spent,” Gattamneni explains. “The response has been amazing. We already have about 100 clients across the region using CoPilot as part of their day-to-day operations.”

Global Expansion and Proficorn Ambitions

While ADA’s success in Asia is notable, the company is pursuing global expansion and aims to enter the U.S. market within six months. ADA already manages digital transformation for U.S.-based clients in Asia.

ADA is present in 12 countries in Asia.

“We see exciting opportunities in the U.S., with its openness to innovation and startups,” says Gattamneni. In 2023, Japan’s Mitsui & Co., Ltd. invested US$58 million in ADA, valuing the company at US$550 million. Other investors include Japan’s SoftBank Group Corp., Sumitomo Corp., and Malaysia’s Axiata Group Berhad.

However, ADA is not just chasing unicorn status. Gattamneni stresses the focus on becoming a “proficorn”—a profitable unicorn. “We’re scaling sustainably, focusing on long-term value creation,” he says.

 

www.ada-asia.com

AIA’s Bold Vision to Empower Asia’s Affluent

Wong Sze Keed, CEO of AIA Singapore

As Asia’s high net worth (HNW) population continues to expand, AIA Singapore (AIA) is stepping up to meet the changing needs of this discerning clientele. In recent years, the insurer has experienced significant growth in the HNW segment, fueled by a powerful combination of tailored wealth management products and a holistic focus on well-being.

At the core of AIA’s success is the ‘Wealthbeing’ by AIA proposition, a comprehensive offering designed to support both the financial and personal aspirations of HNW clients. Leading this evolution is CEO Wong Sze Keed, whose vision and hands-on leadership have strengthened AIA’s approach to serving the HNW market since she took the helm in 2020.

Putting People at the Heart of Success
For Wong, the key to success lies in prioritizing people. “At the heart of our organization are the people—be it our clients, employees, or insurance representatives,” she says. This guiding principle has redefined AIA’s culture, resulting in an inclusive and positive environment, where employee well-being and professional growth are front and center.

By championing employee wellness, Wong’s leadership has led to improved outcomes for employees and clients.

As an advocate for mental well-being, Wong made the award-winning comprehensive wellness program, AIA Vitality, available to employees as part of their benefits. This initiative extends to customers, and aims to encourage healthier lifestyle choices by empowering members on their wellness journey. It ensures AIA employees are well-supported and better positioned to serve customers and positively impact the broader community.

Additionally, Wong focuses on equipping her team with necessary skills to thrive in an ever-evolving industry, ensuring they deliver exceptional service to clients. One notable achievement is AIA’s partnership with the Wealth Management Institute of Nanyang Technological University, where personal wealth managers receive specialized training and certification to match the expertise of private bankers.

“Our clients have noticed the difference,” Wong says, reflecting on the overwhelmingly positive feedback. “When our wealth managers are empowered with the right tools and knowledge, they can offer an enhanced level of service, providing clear guidance and personalized solutions.”

This investment in professional development has improved employee engagement and spurred innovation, translating into stronger service and higher customer satisfaction.

Going Beyond Wealth
With Asia’s HNW population expected to increase by 61% to 28.2 million by 2026, the need for wealth management solutions that offer more than just financial security is growing. In response, Wong led the ‘Wealthbeing’ by AIA proposition, which blends wealth creation with well-being, aligning with her vision of helping HNW clients achieve financial success and a healthier, more fulfilling life.

“‘Wealthbeing’ by AIA is about maximizing growth and personal fulfillment,” Wong explains. “We help HNW individuals prioritize their well-being so they can live Healthier, Longer, Better Lives—because health is wealth.”

A key feature of this initiative is AIA Altitude, a bespoke program that offers HNW clients a range of exclusive benefits, from personalized services to premium health solutions and invitation-only lifestyle experiences. AIA Altitude surpasses typical wealth management, helping clients grow their portfolios while enhancing overall quality of life.

Ribbon-cutting ceremony at the opening of AIA Wealth Centre with guest-of-honour, Gillian Tan, Assistant Managing Director of the Development and International Group and Chief Sustainability Officer of Monetary Authority of Singapore (fourth from left)

Shaping the Future of Wealth with Bold New Solutions
Wong has driven the creation of innovative products tailored to the unique needs of wealthy clients. One standout offering is the AIA Platinum Series, a suite of wealth management solutions that includes the AIA Platinum Wealth Elite and AIA Platinum Indexed Legacy plans. These products provide flexible options for legacy protection and wealth accumulation, helping clients to manage and transfer their wealth effectively across generations.

The AIA Platinum Indexed Legacy plan, launched this year, is particularly notable for combining high insurance coverage with opportunities for wealth growth. Clients can benefit from potential market gains while maintaining protection during downturns, a key feature that appeals to those seeking security and growth potential.

Dedicated Platforms for Personalized Service
AIA introduced new platforms including the recent launch of the AIA Wealth Centre and AIA International Wealth, reflecting the company’s commitment to providing comprehensive, tailored solutions for its HNW clients.

Situated in Singapore’s business district, AIA Wealth Centre provides an exclusive space where HNW clients can consult with experts in fields such as legal, tax and trusts. This multidisciplinary approach provides clients with holistic advice tailored to their financial goals and personal aspirations.

AIA International Wealth, a subsidiary of AIA, leverages Singapore’s standing as a financial hub to offer curated insurance solutions across the region. By drawing on AIA’s wealth management expertise, AIA International Wealth ensures clients can securely grow and manage their wealth.

Aligning With Singapore’s Financial Hub Vision
Wong not only transformed AIA from within but positioned the company to align with Singapore’s broader financial ambitions. As Singapore strengthens its role as a global wealth management hub, AIA plays a key role by investing in innovation and talent development.

“Singapore will continue to attract more Asian and global wealth residents in the coming years,” Wong says. “It’s the perfect base for businesses and investors looking to capitalize on Asia’s immense growth potential.”

Her long-term vision for AIA is clear: to remain the leading and most trusted insurer for HNW clients, both locally and regionally. As the financial landscape shifts, Wong is committed to keeping AIA ahead of the curve, leveraging technology and data insights while ensuring that the company’s personal touch remains intact.

“As we grow, we aim to stay at the forefront of the industry, setting new standards of excellence in meeting the needs of our discerning clients,” she says.

Under Wong’s thoughtful leadership, AIA continues to raise the bar in serving its HNW clientele. With a bold vision, innovative solutions and a dedicated focus on well-being, AIA remains well-positioned to lead in the wealth management space, offering clients not just financial solutions, but a pathway to living Healthier, Longer, Better Lives.

www.aia.com.sg

Redefining Urban Experiences In The Heart Of Bangkok

One Bangkok

Thailand’s much-anticipated One Bangkok neighborhood finally opened its doors to the public on October 25, 2024, marking a significant milestone for master developer Frasers Property. Nestled in the vibrant heart of Bangkok, at the intersection of Wireless Road, this monumental project is poised to redefine urban living in Asia. As the largest fully integrated district in Thailand, One Bangkok aspires to blend lifestyle, culture and sustainability, creating a new landmark in the heart of the city while fostering a community where live, work and play come together.

Visitors and residents can enjoy unique lifestyles and shopping experiences, alongside world-class art and cultural programs. The development leverages smart city innovation and sustainable design to enhance quality of life by providing a secure, convenient and inclusive space accessible to all.

“By paying careful attention to every detail, from master planning and design to construction and business operations, we are crafting ‘The Heart of Bangkok’ to be an inspiring wonder in everyone’s heart,” says Panote Sirivadhanabhakdi, Group CEO of Frasers Property.

Occupying 1.83 million square meters or about 17 hectares, in the city’s central business district, One Bangkok is larger than New York’s Hudson Yards development. It is a fully integrated ecosystem designed to meet the diverse needs of its residents, workers and visitors. The development includes five premium office towers, three ultra-luxury residential towers, five world-class hotels, three retail zones and One Bangkok Forum, a live entertainment arena—each constructed to meet the highest standards of design and functionality.

Parade Park

Sustainability is at the core of One Bangkok’s design. In a city where urban space is scarce, dedicating almost half of the district’s land area to green and open spaces is truly impressive.

This commitment to creating a healthy, vibrant environment is evident in the inclusion of One Bangkok Park, Parade Park and Wireless Park, which stretch along Rama IV and Wireless Roads. These green spaces provide a natural extension to the nearby Lumphini Park and Benjakitti Park, enhancing the overall urban landscape and offering residents and visitors a refreshing escape from the bustling city life.

One Bangkok is the first project in Thailand to receive the LEED for Neighborhood Development (LEED-ND) Platinum standard and aims to achieve the WELL Platinum standard as well. The development has also attained the Platinum WiredScore and SmartScore certifications, reflecting its commitment to sustainability and smart city principles and meeting international standards for long-term sustainability.

Parade

Transforming the Retail Experience

While One Bangkok’s residential and commercial spaces are impressive, its district retail spaces are poised to set it apart. As Thailand’s first lifestyle-focused development of this scale, One Bangkok aspires to introduce a new model for retail experiences that aspires to elevate the city to become a new Asian shopping metropolis with sensational lifestyle experiences.

One Bangkok welcomes the world as the city’s beating heart of shopping and lifestyle, showcasing a new experiential hub that is expected to offer uniquely different retail concepts, designs and experiences that are seamlessly interconnected. Consisting of three distinct retail zones, the all-inclusive Parade is expected to attract families, and The Storeys with unique, concept stores are now open. Post 1928, Bangkok’s first shopping street, is expected to offer a progressive, dynamic luxury shopping and will open in its next phase.

Mitsukoshi Depachika

One Bangkok is set to offer unique retail concepts and distinct shopping styles that promise to be unparalleled. For instance, Mitsukoshi Depachika, the one-of-a-kind “Depachika” concept supermarket and food hall that will be located within the Parade, provides indulgent world-class selections for all food enthusiasts. Shoppers can expect high-quality fresh produce from exclusive farmer networks. In addition to the supermarket assortment, the food hall features well-known and never-before-seen Japanese brands, pastry boutiques, cafes and restaurants.

The retail experience at One Bangkok is further enhanced by the Retail Loop, a vast corridor that will eventually feature over 900 stores, encompassing entertainment venues, restaurants and a repertoire of lifestyle offerings. Another highlight is the Bangkok Wonder Food Loop, a 1.5-kilometer stretch dedicated to culinary delights. Here, visitors can enjoy a new dining destination, offering all-day dining experiences and after-work hangout spots with over 250 fine dining restaurants, rooftop bars and street food vendors offering a global culinary journey.

King Power City Boutique
SARAPAD THAI

Look out for the one-of-a-kind “Made in One Bangkok” experiences exclusively curated to draw local and foreign visitors alike, including King Power City Boutique, for duty-free and travel retail products across two floors of the Parade as well as SARAPAD THAI, a curated lifestyle store capturing the essence of modern Thai culture with home décor, apparel and daily essentials. Those who love a modern concept bookstore with lifestyle elements should visit One Content store, set to become Bangkok’s new check-in spot for influencers.

The Art and Cultural Hub

One Bangkok’s commitment to art and culture is also evident throughout the district. The Art Loop is an open-air museum spanning over two kilometers, combining world-class art and cultural programs.

Recently, One Bangkok announced the installation of permanent public sculptures by world-renowned artists, including Anish Kapoor and Tony Cragg. These sculptures will be integral to the Art Loop, creating an inspiring and engaging environment for visitors. The district’s cultural offerings are designed to make art accessible to everyone, fostering a sense of community and enhancing the overall visitor experience.

A must-visit destination at One Bangkok is The Wireless House One Bangkok. This reconstruction of Thailand’s first Radio Telegraph Station from 1914 serves as a cultural learning space and hangout for urban dwellers, connecting its past with the modern character of One Bangkok.

The Storeys

A Welcoming Space for All

With the development now open, One Bangkok invites visitors from around the world to explore its wide range of offerings. From world-class performances and exhibitions at the One Bangkok Forum to seasonal and festival celebrations in its expansive open spaces, including One Bangkok Park, there is always something happening at this welcoming and vibrant destination.

Whether you are a local resident, a business professional or a global traveler, One Bangkok is shaping up to be a must-visit destination for anyone looking to experience the future of urban living. Says Sirivadhanabhakdi: “This project will bring Bangkok to the fore as an international city both economically and culturally, becoming an unparalleled lifestyle destination that will attract top-level business professionals, investors, as well as tourists, local and international alike.”

Creating Unforgettable Memories At The Fullerton Hotels And Resorts

Metropolises like Hong Kong, Singapore and Sydney all have rich cultures and histories worth exploration. The Fullerton Hotels and Resorts presents an ideal choice to experience these storied cities thanks to its unique blend of heritage, elegance and warm hospitality. Whether you are looking for an exquisite suite in a historic gem or a serene retreat to unwind after a day of experiential activities, The Fullerton Hotels and Resorts provides a welcoming sanctuary that feels like home, where you can create your own fond memories.

The Fullerton Hotel Singapore

The Fullerton Hotel Singapore

Located by the scenic Marina Bay and revitalized from a magnificent neoclassical landmark completed in 1928, The Fullerton Hotel Singapore is an embodiment of history meeting the future. Steeped in Singapore’s illustrious history, the 400-room hotel gracefully blends heritage with modern elegance, offering guests an experience of impeccable comfort and hospitality. Fondly called “Mile Zero”, this iconic building once served as the point from which Singapore’s roads were mapped. Its storied history includes roles as the General Post Office, the prestigious Singapore Club and various government departments. The architecture was gazetted as Singapore’s 71st National Monument in December 2015.

The Fullerton Bay Hotel Singapore

The Fullerton Bay Hotel Singapore

Nestled on the shimmering waters of Marina Bay, The Fullerton Bay Hotel Singapore welcomed its first guests in 2010. It is a sleek, modern hotel with breathtaking architecture. Each guestroom and suite offers mesmerizing views of Marina Bay and the iconic Singapore skyline. Guests can also enjoy the rich tapestry of Singapore’s history through contemporary art that celebrates its heritage and modernity. Its chic restaurant, La Brasserie, offers classic French bistro favorites vis-à-vis panoramic views of the bay.

The Fullerton Ocean Park Hotel Hong Kong

The Fullerton Ocean Park Hotel Hong Kong

The latest addition to the growing portfolio, The Fullerton Ocean Park Hotel Hong Kong opened doors in July 2022. With its unique oceanfront location overlooking Hong Kong’s southern vista, all of the 425 well-appointed guest rooms and suites enjoy panoramic views of the South China Sea. The two signature suites both feature a private pool and an expansive outdoor terrace for guests seeking a splendid al fresco getaway, while the nine themed rooms are perfect choices for families wishing to treat their little ones to an unforgettable stay.

The Fullerton Ocean Park Hotel Hong Kong is a sustainability-minded resort with a wide spectrum of green and wellness features, including a farm, provision of smart water stations and procurement of seafood from sustainable sources. It also curates comprehensive retreat offerings to ensure an unforgettable resort getaway. It has attained WELL Certified™ Gold, becoming the first hotel in Hong Kong and mainland China to receive the accreditation.

The hotel features four dining destinations, namely Lighthouse Lounge, Lighthouse Café, Satay Inn and Jade. From palatable Cantonese fare to time-honored Singaporean delights, each of the dining concepts presents a distinctive flavour while showcasing culinary craftsmanship at its finest.

The Fullerton Hotel Sydney

The Fullerton Hotel Sydney

The Fullerton Hotel Sydney, commands a prime position in the heart of the city and the hearts of Sydneysiders. Housed in Sydney’s former General Post Office, the much-loved heritage landmark has been intertwined with Sydney’s history over the past 150 years. The Fullerton Hotel Sydney is a seamless blend of culture, timeless elegance and contemporary hospitality. The 416-room hotel is a destination where Sydney’s stories, culture, arts and culinary excellence can be celebrated and shared with both the local community and global guests.


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www.fullertonhotels.com

Unlocking Long-Term Living In Thailand With Thailand Privilege Card

Thailand is the second largest economy in Southeast Asia, marking its fastest expansion since 2012, and was the most visited country in Southeast Asia in the first six months of 2024. The country is renowned for its rich culture, warm hospitality, amazing cuisine and breathtaking landscapes. These unique features are why many choose Thailand as their second home.

With responsibility to help grow long-term residents, Thailand Privilege Card (TPC), a state-owned enterprise, is working relentlessly to improve its level of services and member offerings.

Manatase Annawat, President of Thailand Privilege Card

Manatase Annawat, President of TPC, says membership has grown to approximately 38,000 today, up from 20,000 members in 2022.

“Our target members are affluent travelers, investors, retirees, expats, digital nomads and others. They are from China, Japan, the U.S., U.K., Russia, Taiwan, Germany and France,” he notes.

TPC has four membership tiers, Gold, Platinum, Diamond and Reserve. Gold, the entry level tier, has a five-year visa validity and costs 900,000 baht (US$26,995). Reserve, the highest tier, has a 20-year validity with extension, costs 5 million baht (US$149,975), and is available by invitation.

TPC’s Uniqueness

While there are various visa programs available, Annawat believes TPC has  what it takes to meet, and exceed, the demand of members.

TPC members can enjoy its well-known “signature airport services”, provided by professional staff. The Elite Personal Assistant (EPA) welcomes members at the gate at Suvarnabhumi and Phuket airports.

EPAs help members access TPC premium services i.e. fast track immigration lanes, lounge, pick-up and transfers. When TPC members depart Thailand, the EPA ensures a smooth check-in, so clients begin their journey stress free.

Having access to fast track lanes can significantly reduce waiting time. With this service a passenger can spend less than 30 minutes going through immigration in Suvarnabhumi Airport.

The signature airport services include VIP greetings facilitated by Elite Personal Assistants (EPAs), access to electro cars, fast track immigration, VIP lounge amenities and limousine services.

Packages include an exclusive offer for governmental concierge services to facilitate members throughout their stay. These services can include acquiring a visa, transferring stamps to new passport, stay extension, or opening a bank account.

“We ensure our members’ journeys are seamless and smooth. Hence, we have a 24-hour call center and concierge services for them,” Annawat says.

Improving Lifestyle Services

Annawat understands that providing a VIP-like experience for its members at the airport helps build a good first impression. The key for TPC’s success is to ensure the experience is consistent throughout the members’ stay.

One way to achieve this is to improve lifestyle services and offerings, which come in five categories: Stay, Travel, Leisure, Health and Well-being and Wealth. TPC members, depending on their membership tier, will receive points annually.

Points can be used for lifestyle services, including hotel accommodation, concert tickets, limousine services, spa and massage, movie tickets, access to golf courses, airport lounge, co-working space and medical check-up.

Annawat and his team have been improving TPC’s lifestyle services. “Today, we are working with close to 400 lifestyle vendors across all categories. A year ago, we had about 100 vendors, so we raised the bar to ensure all foreigners who chose Thailand as their second home can receive those privileges during their stay as residents. We’re also seeking General Sales & Service Agents to expand our reach to potential members around the world.”

Expansion Plans

Annawat aims to grow TPC’s membership to 40,000 by the end of 2024. One segment he hopes to grow is digital nomads, which is poised to grow to 60 million globally by 2030, from about 40 million in 2023. “We see the trend of people work from anywhere in the world, and their world has become borderless. The trend of people relocating from their home country is increasing,” he says.

Annawat believes TPC is only beginning to reach its full potential, and he is committed to providing more enhanced services.

“Thailand has a lot to offer. We want the high net worth people to live in Thailand for a long period because of effective infrastructure, sensitivity to LGBTQIA+, a multiculture friendly environment and Thai hospitality as DNA. We want them to come, to stay, to fall in love with Thailand and tell the world what an amazing country Thailand is.” 

 

 

www.thailandprivilege.co.th

 

Redefining The Boundaries Of Speed And Time

RM 65-01 McLaren W1

One glance at the RM 65-01 McLaren W1 is sufficient to reveal that this is no ordinary tool for telling time but a beacon of advanced horological innovation and craftsmanship. For the discerning clientele for which this timepiece is intended, the RM 65-01 McLaren W1’s visual appeal instantly sets it apart. At every angle, and from every perspective, the technology and materials lavished on this extraordinary watch reflect uncompromising commitment to craftsmanship, engineering and performance. Designed in collaboration with McLaren Automotive, this timepiece is the definitive “racing machine on the wrist.”

The Evolution of Extraordinary Performance
The partnership between Richard Mille and McLaren Automotive, on-going since 2016, has resulted in a series of era-defining horological creations through the years. These include ground-breaking timepieces such as the       RM 50-03, RM 11-03 and RM 40-01.

The RM 65-01 McLaren W1 marks the fourth creation in this ultra-exclusive series and is inspired by the new McLaren W1 supercar. Motoring afficionados will be aware that the new McLaren W1 is the ground-breaking successor to two of the greatest supercars ever made—the McLaren F1 and the McLaren P1.

In creating the RM 65-01 McLaren W1, the brief was decidedly straightforward—nothing but the best. The watch would mirror the cutting edge, high-performance features of the car in terms of shape, materials and functionality. In terms of its “engine,” the watch also needed a movement that suitably reflected the boundary-pushing abilities of the supercar.

Engineered for Speed
It was therefore only a matter of course that Richard Mille would select its highest-performance, automatic chronograph movement, the RMAC4, to power the              RM 65-01 McLaren W1. For starters, the RMAC4 operates at an appropriately high speed of 5Hz or 36,000 vibrations per hour. This high oscillation rate enables the split-second mechanical chronograph caliber to record elapsed times down to one-tenth of a second.

In keeping with automotive tradition, the engine of the RM 65-01 McLaren W1 sits on chassis-mounted rubbers instead of being secured by a conventional casing ring. The movement also features a rapid-winding system that enables the 60-hour power reserve to be fully charged in ultra-quick time.

Adhering to McLaren’s philosophy that the ultimate supercar must deliver “performance everywhere,” the RM 65-01 McLaren W1 would, by default, be up to the task of performing flawlessly on every occasion and circumstance. Tasks for which the RMAC4 is perfectly suited. Not only is the 480-part movement robust, it is equipped with a variable geometry winding rotor that can be adapted to the owner’s lifestyle.

“This project perfectly illustrates Richard Mille’s philosophy of constantly pushing technical boundaries to create innovative watches that include the latest watchmaking developments with a functional, practical and high-performance approach. Our watches are designed to be worn and used—whatever the circumstances,” explains Salvador Arbona, Technical Director for Movements at Richard Mille.

Shaped, Forged and Crafted to Flawlessness
Back in 2022, when the McLaren W1 was still in its initial development, Richard Mille’s creative team was given exclusive access to the first clay mock-ups of the supercar. With the car’s compact, muscular shape and high waist line, it was apparent this was going to be a strikingly beautiful car. After much analysis and deliberation, the creative team, led by Cécile Guenat, Creative and Development Director at Richard Mille, decided the view of the car from above would make the optimal starting point for the design of the watch.

The McLaren W1’s aesthetics are, first and foremost, a function of its unique “aero-cell” chassis architecture. This feature has had a profound influence on the design of the RM 65-01 McLaren W1 and consequently created one of the greatest technical challenges for the team—the design and development of the distinctive indented “double” bezel.

As the term implies, the watch’s Carbon TPT bezel actually sits upon a second bezel made of satin-finished grade 5 titanium. This twin-bezel design adds a dimension of depth while accentuating the curves and contours of the watch. Although integrated elegantly and seamlessly into the overall aesthetic, getting to this stage was a feat that necessitated nine months of work and eight prototype reviews.

Additional design elements drawn from the McLaren W1 supercar are apparent. The new skeletonized titanium dial draws inspiration from the dynamic flair of the car’s wheel rim patterns while the crown features an easy-to-grip rubber coating in McLaren’s papaya orange, along with a tip adorned with McLaren’s distinctive “Speedmark.” Even the aerodynamic angles of the foils and ducts deployed on the W1’s engine cover and spoilers have been translated into patterns on the papaya orange strap.

Form, Function and Intuitive Usability
The RM 65-01 McLaren W1 is, above all, a true driver’s watch, designed for operators who value function as much as form. Apart from its intuitive simplicity and the ease in which features may be accessed, the watch’s function selector crown also operates along the lines of a transmission selector—W for Winding, D for Date and H for Hand-setting.

“The W1 was designed to give the driver everything they need and nothing they don’t,” says Andrea Bermudez, Global Marketing Director, McLaren Automotive. “It’s about a combination of epic power delivery, incredible performance and a high level of theater, both on the racetrack and the road. It is a daunting task to reflect these attributes in a watch but Richard Mille has exceeded expectations with the RM 65-01 McLaren W1.”

With its breathtaking design, impeccable functionality and limited availability, the RM 65-01 McLaren W1 is as much a statement of technical intent as it is of rarity. Richard Mille will only be creating 500 pieces of this heirloom quality timepiece—a watch that is destined for grail status and for future owners of the RM 65-01 McLaren W1, the promise of countless moments of pleasure and pride await.

For more information about this exceptional timepiece, visit www.richardmille.com.

 

Managing Global Wealth Across Borders And Generations

Standard Chartered at Dubai International Financial Centre is one of the bank’s four wealth hubs.

Picture a wealthy multi-generational family with homes spread across continents, children attending schools in different time zones and business interests ranging from private equity in Europe to consumer goods in the Middle East and technology startups in Asia. Their needs go beyond simply wealth management to encompass a comprehensive suite of solutions that address cross-border investments, risk management and legacy planning.

As they move through different stages of life, the priorities of these ultra-high net worth (UHNW) individuals and their families shift, from growing their assets to ensuring that wealth is transferred smoothly to their heirs. For many, their business ventures are also deeply intertwined with their personal wealth, making corporate finance just as critical as investment management.

Standard Chartered Global Private Bank has long understood these evolving needs, offering its UHNW clients a range of tailor-made solutions and services to achieve their objectives throughout their lives and wealth journeys.

In particular, Standard Chartered’s ability to meet cross-border needs, such as multi-currency accounts and international mortgages, is critical for these individuals. Families with children studying abroad, for instance, often require international financing options for property and education expenses. This level of flexibility is made possible through the bank’s global network and local expertise, making it a natural partner for clients managing assets across multiple jurisdictions.

For the more experienced clients and established business owners, the emphasis shifts toward wealth preservation and legacy planning. “The question becomes not only how to maintain wealth, but how to ensure it is passed on in a way that reflects the client’s values and vision for the future,” says Vinay Gandhi, Regional Head, Private Banking for Europe, Middle East & Africa, and Global Head, South Asian Community, Standard Chartered.

Here, Standard Chartered Global Private Bank’s family advisory and wealth planning services come into play, providing tailored guidance on topics ranging from succession planning to philanthropy.

A Flexible, Unbiased Approach
Central to Standard Chartered’s wealth management strategy is its open architecture model. This means that instead of advising solely on proprietary products, Standard Chartered sources its investment solutions from a global range of asset managers, ensuring unbiased recommendations that best suit each client’s unique needs.

“Our open architecture platform means we are not beholden to any single product or asset manager, which allows us to be completely client-focused,” says Gandhi. This flexibility enables the bank to partner with its clients to craft diversified investment portfolios that can adapt to both market conditions and clients’ changing priorities.

Furthermore, Standard Chartered’s investment approach ensures that portfolios are robust enough to weather market volatility, incorporating a variety of asset classes from traditional equities and bonds to alternative investments, such as private equity and hedge funds, while positioning clients to take advantage of long-term growth opportunities.

Vinay Gandhi, Regional Head, Private Banking for Europe, Middle East & Africa, and Global Head, South Asian Community, Standard Chartered

The Power of One-Bank Solutions
A key feature of Standard Chartered Global Private Bank’s service is its “one-bank” approach, which enables clients to tap on the capabilities of the entire Standard Chartered group to meet both their personal wealth and business needs through a single platform. This is particularly beneficial for the growing entrepreneurial UHNW client segment.

“We offer a holistic solution for clients with both persona l and corporate financing requirements. It’s not just about managing their personal wealth but also supporting their business activities through our corporate banking services,” Gandhi explains.

Leveraging the close collaboration between the bank’s private and corporate banking divisions, clients can access services like debt issuance, trade finance and syndicated loans in addition to personal wealth management.

A Specialist in Islamic Finance
Another area of expertise that Standard Chartered Global Private Bank has increasingly focused on is Islamic finance. With the global Islamic finance industry projected to grow from US$4.5 trillion in 2022 to US$6.7 trillion by 2027, the private bank is well-positioned to meet the Islamic financing needs of UHNW clients in key regions such as the Middle East, which has seen a rapid accumulation of wealth in recent years.

“Islamic finance is no longer a niche market, but a rapidly expanding area of wealth need,” says Gandhi.

Standard Chartered Saadiq, the Islamic finance arm of the bank, offers a wide range of Shariah-compliant products, from savings and current accounts to home finance and wealth management solutions. These products adhere strictly to Islamic principles, ensuring they are free from interest and other elements forbidden under Shariah law.

UHNW individuals and families are increasingly seeking bespoke advice and financial solutions to meet their plethora of needs.

What makes Standard Chartered’s offering stand out in this space is its deep-rooted expertise across key markets in the Middle East, South Asia and Southeast Asia. The bank’s long-standing presence in these regions, combined with its comprehensive Shariah-compliant systems, allows it to deliver financial solutions that align with clients’ ethical and religious beliefs.

Moreover, Standard Chartered’s Islamic solutions are crafted with expert guidance from its global Supervisory Committee of Shariah scholars, adding to the robustness of its offerings.

Standard Chartered has won numerous awards for its Islamic finance offerings in the past few years. In 2024 alone, the bank was honored with Euromoney’s “Best Islamic Bank” awards in the United Arab Emirates, Bangladesh and Pakistan.

Crafting a Meaningful Legacy
Philanthropy and sustainable investing are also becoming increasingly important for many UHNW clients, particularly those focused on leaving a meaningful legacy. Standard Chartered helps clients integrate these elements into their wealth plans, guiding them on sustainable investing opportunities and philanthropic initiatives that align with their long-term goals.

By offering solutions that meet its clients’ entire spectrum of needs, Standard Chartered Global Private Bank is helping UHNW families navigate their financial journeys with confidence, from growing their assets to preserving their legacies for future generations. Says Gandhi, “Our mission is simple: to provide solutions that meet our clients’ needs today, and support their ambitions for the future.”

www.sc.com/en/wealth-retail-banking/private-banking/