In Singapore, Standard Chartered Bank has launched its inaugural variable capital company (VCC). The bank is able to provide a number of funds to provide its clients with exclusive access to distinctive investment strategies due to the establishment of Standard Chartered Funds VCC (SC Fund), a new business entity.

The bank will collaborate with and appoint the industry’s notable global fund managers as sub-investment managers. The relationship leverages synergies between the industry’s fund managers and the bank’s worldwide asset class specialists to provide hard-to-access custom-curated investment strategies solely to the bank’s clients.

Moreover, this strategy supports and coincides with the bank’s open architectural framework, which selects effective solutions from a variety of fund managers and asset classes.

The bank’s team of investment specialists, which consists of fund pickers and investment managers spread across several regions and offering a wealth of experience in manager selection, forms the basis of the SC Fund process.

Furthermore, the team uses a rigorous selection process for managers, identifying techniques that are intended to provide sustained outperformance over time through a thorough due diligence approach.

A group of investment specialists from the bank will select the qualified sub-investment managers for the SC Fund series of funds, bringing their extensive experience to the table. These managers will be in charge of making investment choices and overseeing the portfolio on a daily basis.

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In line with the the bank’s investment guidance for diversification with core holdings, the next funds will push for long-term strategic asset allocation as part of a client’s foundation portfolio. In the first phase, the funds will be limited to the Bank’s high-net-worth clients with Accredited / Professional Investor status, in the Bank’s Priority, Priority Private, and Private segments in Singapore, Hong Kong, and Dubai.

Patrick Lee, CEO for Singapore, and ASEAN, Standard Chartered, and chair of SC Fund, stated: “Singapore is a critically important market for Standard Chartered, with the Bank’s global businesses based here. Setting up the Bank’s first global VCC in Singapore underscores our commitment to build on the country’s position as a leading regional and global wealth hub. Through SC Fund, we will be able to issue and manage innovative and relevant fund solutions for our global affluent clients in key markets across Asia, Africa, and the Middle East, right here from Singapore.”

Samir Subberwal, global head, wealth solutions, deposits and mortgages, and chief client officer, Standard Chartered, added: “As a leading international wealth manager in Asia, we always endeavour to bring unique and exclusive solutions to our clients as they manage and grow their wealth. We are constantly innovating to expand our suite of wealth solutions, bringing along our wealth expertise, strong heritage, and extensive network presence in our footprint markets. We are delighted to offer the first solution under SC Fund to high-net-worth clients in Singapore, Hong Kong, and Dubai, and look forward to extending the same offering to clients in other key markets very soon.”