Standard Chartered cashes in on wealth division while boss’s pay surges

The Business Times

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Standard Chartered cashes in on wealth division while boss’s pay surges

A record income of $19.7bnbin( £15.6bn) was fuelled by heightened activity within its wealth division, catering to high-net-worth clients Standard Chartered has seen a nearly 20% surge in its annual profit, thanks to robust activity in international markets and its wealth division. This performance has led to a near 50% pay rise for the bank’s chief. The UK-based bank, which primarily operates in Asia, the Middle East and Africa, managed to achi…