# Standard Chartered wealth management expansion > Developing situation record from CLSTR: https://clstr.news/situations/standard-chartered-wealth-management-expansion > Updated: 2026-10-19T05:00:14.000Z. Sources: 6. Developments: 2. Standard Chartered is expanding its wealth management operations and regional connectivity across Africa and Asia. The bank has focused on high-net-worth client engagement in Nigeria through advisory services regarding portfolio diversification and alternative investments. In Singapore, the bank is utilizing its position as an ASEAN hub to connect regional investors to global markets. This expansion includes the growth of its Variable Capital Company (VCC) platform, which has surpassed $2.6 billion in assets under management. The platform recently launched its tenth sub-fund, the Signature Select Premium Cash Reserve Fund, in partnership with BNY Investments. This fund targets accredited investors in regions including Hong Kong, Singapore, the UAE, Jersey, Kenya, and Nigeria. While the wealth management segment shows growth, Standard Chartered Bank Kenya reported a 16.83 percent decrease in net profit for the first half of 2026, attributed in part to lower interest rates impacting earnings. ## Timeline ### 2026-10-19: Standard Chartered VCC platform reaches $2.6 billion in assets Standard Chartered’s VCC platform has hit $2.6 billion in assets under management, supported by the launch of a tenth sub-fund targeting professional investors globally. 2 sources. https://clstr.news/cluster/standard-chartered-vcc-platform-reaches-26-billion-in-assets ### 2026-09-24: Standard Chartered expands wealth management and regional connectivity Standard Chartered is strengthening its wealth management presence through client engagement in Nigeria and leveraging Singapore as a central hub for growth and connectivity across the ASEAN region. 4 sources. https://clstr.news/cluster/standard-chartered-expands-wealth-management-and-regional-connectivity --- Cite as: Standard Chartered wealth management expansion. CLSTR, https://clstr.news/situations/standard-chartered-wealth-management-expansion