Rajesh Kannan of Standard Chartered Bank on Where the Ultra-Rich Invest
Rajesh Kannan, MD, Head Global Indian at Standard Chartered Bank, shares insights into the investment trends of the ultra-wealthy, focusing on real estate, gold, and diversified global markets.
Standard Chartered BankRajesh KannanUltrarichGlobal IndiansInvestment TrendsReal EstateOct 24, 2024
According to Rajesh, today’s affluent individuals, particularly global Indians, are keen on accessing a broader range of investment opportunities. These opportunities span various sectors, including global equities, emerging markets, and the ever-popular US markets. The allure of the US market lies in its stability, growth potential, and the diverse range of investment options available.
Standard Chartered Bank plays a pivotal role in facilitating these investments. Rajesh notes that the bank's global network and extensive portfolio of financial products make it an attractive choice for the ultra-rich. The number of global Indians has been on the rise, and this trend is expected to continue, growing at a rate of 10-15% annually. This growth is fueled by the bank's digital advertising efforts and a strong referral base, which helps attract new clients.
Real Estate and Gold Traditional Havens for the Wealthy
When it comes to traditional investment havens, real estate and gold remain significant choices for the affluent. Real estate, especially in prime locations, offers a tangible asset that can provide both rental income and capital appreciation. Rajesh highlights that global Indians often look for properties in key cities around the world, such as London, New York, and Dubai.
Gold, on the other hand, has long been considered a safe-haven investment. Its value tends to hold steady during economic uncertainties, making it an attractive option for those looking to hedge against market volatility. Rajesh explains that while the investment landscape is diversifying, gold continues to be a staple in the portfolios of many ultra-rich individuals.
Emerging Trends and Future Outlook
The future of wealth management is increasingly digital, and Rajesh emphasizes the importance of staying ahead of technological advancements. He believes that the integration of digital tools and platforms will further enhance the investment experience for high-net-worth individuals. This includes personalized financial advice, real-time market data, and easy access to a wide array of investment products.
Standard Chartered Bank is committed to leveraging technology to offer its clients the best possible service. The bank's digital advertising and referral strategies have proven effective in growing its client base, and the focus on digital solutions is set to continue. As the global Indian community expands, the demand for tailored investment solutions will only grow, and Standard Chartered Bank is well-positioned to meet these needs.
About Standard Chartered Bank
Standard Chartered Bank is a leading international banking group with a history dating back over 150 years. With operations in more than 60 markets and a presence in some of the world's most dynamic growth markets, the bank serves its clients' needs by combining deep local knowledge with global expertise. Standard Chartered is dedicated to building long-term relationships with its clients, offering them a broad range of financial products and services to help them achieve their financial goals.
Frequently Asked Questions
What are the primary investment areas for the ultra-wealthy according to Rajesh Kannan?
The primary investment areas for the ultra-wealthy, according to Rajesh Kannan, include global equities, emerging markets, US markets, real estate, and gold.
How is Standard Chartered Bank growing its client base among global Indians?
Standard Chartered Bank is growing its client base among global Indians through digital advertising and a strong referral network, which helps attract new clients and build a robust base.
What is the expected growth rate of global Indians, and what drives this growth?
The number of global Indians is expected to grow at a rate of 10-15% annually, driven by the bank's digital advertising efforts and a strong referral base.
Why are real estate and gold still significant for the ultra-wealthy?
Real estate offers tangible assets that provide rental income and capital appreciation, while gold acts as a safe-haven investment that holds value during economic uncertainties.
How is Standard Chartered Bank leveraging technology to enhance its services?
Standard Chartered Bank is leveraging technology by integrating digital tools and platforms to offer personalized financial advice, real-time market data, and easy access to a wide array of investment products.
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