Standard Chartered (StanChart) will target $200 billion in new assets and double-digit growth in income from its wealth business over the next five years, as part of its wider strategy to shift to higher fee-earning businesses.

StanChart's assets under management sourced from wealthy Chinese and Indians with global needs rose by about 40 per cent and 20 per cent

Standard Chartered plans to target $200 billion in new assets and aims for double-digit income growth from its wealth business over the next five years. The bank will focus on serving wealthy Chinese and Indian clients with offshore assets and cross-border needs.

LONDON (Reuters) -Standard Chartered will target $200 billion in new assets and double digit growth in income from its wealth business over the next five years, it said on Tuesday