Standard Chartered Private Bank launches digital wealth advisory tool
(6 April 2017 – Global) UK based Standard Chartered’s private banking unit has introduced ADVICE, a digital wealth advisory tool for its relationship managers (RMs) that integrates the Private Bank’s entire suite of house views and investment recommendations with Thomson Reuters’ real-time market information.
The tool is driven by Thomson Reuters Eikon, a financial markets information and analytics platform.
In a statement, Thomson Reuters said it “provides RMs with one-stop access to the Bank’s house views and product solutions, linked with live market data across a wide range of asset classes.”
As such, RMs will be able to advise clients more quickly and effectively based on an aggregation of the Bank’s investment expertise.
Standard Chartered Global Head, Investment Strategy and Advisory, Alexis Calla said: “This is a significant game changer as it harnesses the full breadth of our advisory capabilities, enabling our RMs to deliver in-depth investment advice to our clients with a much faster turnaround time.
“Combined with live data from Thomson Reuters, this innovative solution allows our clients to get quicker access to actionable insights through their RMs and respond more nimbly to market events, which is especially crucial in today’s increasingly volatile investment environment.”
Thomson Reuters Managing Director, Financial and Risk, Sanjeev Chatrath added: “Thomson Reuters’ open platform approach has enabled us to collaborate with Standard Chartered’s Wealth Management Advisory team to innovate and pioneer a unique and seamless solution.
“With Eikon, Standard Chartered’s RMs have access to a dashboard that brings together live investment views and conviction products contributed by multiple teams across asset classes, demonstrating the benefits of our market-leading platform.”
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