Standard Chartered Bank has launched of a new category of wealth management products for its customers in the United Arab Emirates (UAE). Branded 'Harvester Plans', this new savings and investment vehicle features three different plans for every stage of life, from saving for children's education to retirement plans, according to a bank press release.
These products have been sourced from two international insurance companies viz. AIG and Zurich Financial Service Group, through their offices in the UAE. In order to offer these products to its customers, Standard Chartered has entered into distribution agreements with both these providers.
Chief Executive of Standard Chartered Bank in the UAE Ray Ferguson said at the launch, “We have added bancassurance to our portfolio of wealth management products, which represents an important step forward in meeting customers needs… By providing this plan, I believe we are helping to instill a sense of financial long-term discipline among the consumers in the UAE,"
Standard Chartered Bank has a Consumer Banking network comprising eight branches and 22 automated teller machines (ATMs). Standard Chartered is a provider of cash management trade finance, and treasury products and services in the UAE.
Standard Chartered Bank is a leading emerging markets bank. It employs nearly 29,000 people in over 500 offices in more than 50 countries in the Asia Pacific Region, South Asia, the Middle East, Africa, United Kingdom and the Americas.
The Bank serves both consumer and wholesale banking customers. Consumer Banking provides credit cards, personal loans, mortgages, deposit taking and wealth management services to individuals and small/medium sized businesses.
The Wholesale Bank provides services to multinational, regional and domestic corporate and institutional clients in trade finance, cash management, custody, lending, foreign exchange, interest rate management and debt capital markets. — (menareport.com)
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