In support of the government’s ambition to build Taiwan into a leading Asian asset management hub, Standard Chartered Bank continues to broaden its suite of diversified wealth management solutions for high-net-worth clients. On Wednesday last week, Standard Chartered announced the launch of its new “Policy Financing” service and the addition of the second Alternative Fund, offering clients enhanced flexibility in asset allocation.“The bank remains committed to delivering market-leading wealth management solutions and a comprehensive, diversified product shelf,” Standard Chartered Bank Taiwan wealth solutions head Samrat Khosla said.
Standard Chartered Bank Taiwan’s headquarters in Taipei is pictured in an undated photograph.
Photo courtesy of Standard Chartered Bank Taiwan
“Whatever our clients’ needs may be — liquidity management, wealth transfer or risk diversification — we are able to provide tailored and flexible strategies. The introduction of Policy Financing further enriches our total product offering, enabling clients to mobilize capital efficiently while maintaining protection, and to build more comprehensive and resilient wealth plans,” Khosla said.The newly launched Policy Financing solution allows eligible clients to obtain competitive, flexible credit facilities backed by eligible life insurance policies that meet specified criteria. This structure helps high-net-worth individuals meet short-to-medium-term liquidity needs without the need to liquidate sizeable existing assets or compromise their long-term insurance planning. In addition to existing premium financing solutions, clients can now enjoy greater flexibility in optimizing their overall balance sheet.
