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Last updated: 27 Sep, 2014  

Standard Chartered Private Bank Launches 'Art for Sight'

PR Newswire | 08 Oct, 2013
MUMBAI: In conjunction with World Sight Day on 10th October, Standard Chartered Private Bank (the Private Bank) will be launching 'Art for Sight' - an online art auction to raise funds for 'Seeing is Believing'.

'Seeing is Believing' is Standard Chartered Bank's global programme to help tackle preventable and curable blindness. The programme was launched in 2003 to celebrate the Bank's 150 th anniversary and celebrates its 10th anniversary in 2013.

The Private Bank is partnering with AstaGuru.com, an online auction house to host the online art auction on 10th and 11th of October 2013. Over 150 pieces by renowned artists such as M. F. Hussain, S. H. Raza, F. N. Souza, Akbar Padamsee, Ram Kumar, Krishen Khanna, Anjolie Ela Menon, and Paresh Maity will be up for auction. Art from newer, modern and contemporary artists will also be available. All proceeds over and above the list price will go towards 'Seeing is Believing', with the Bank matching dollar for dollar. The base price of the works is approximately a million dollars and the auction is open to clients and prospects of the bank.

Sanjeeb Chaudhuri, Regional Head South Asia and Chief Marketing Officer, Consumer Banking, Standard Chartered Bank said:

"We believe that with wealth comes responsibility. There are 45 million blind people in the world; 80% of blindness is avoidable (preventable or treatable). In India alone, 'Seeing is Believing has benefitted close to 5.5 million people. Through this initiative with our clients, we hope to continue to make a positive difference in the communities in which we live and work."

'Seeing is Believing' is the Bank's global programme which raises money to tackle avoidable blindness across the world. It is a collaboration between the International Agency for Prevention of Blindness and Standard Chartered to fund sustainable eye-care services in areas of poverty and high need across the world. Launched in 2003, the initiative has grown into a multi-million dollar global programme reaching over 41 million people to date. Standard Chartered matches, dollar for dollar, all donations made to this programme. In India, in partnership with its trusted non-government organisation partners, the bank provides poor communities access to eye care services through 74 vision centres across 10 states, through an investment of USD 4.9 million. The bank has committed additional spends of USD 6 million until 2020.

About Standard Chartered Private Bank

Standard Chartered Private Bank is the private banking division of Standard Chartered. Headquartered in Singapore, the Private Bank provides exciting career opportunities to over 1,200 employees including about 450 relationship managers globally. It has 18 offices including two trust offices in 15 cities across Asia, Africa, Middle East and Europe.

The Private Bank has grown strongly since its inception in May 2007. On top of its strong organic growth, it acquired American Express Bank in 2008, through which it has further improved its capabilities. The Private Bank has been showing continued strong growth momentum: In 2012, its revenue increased 12% and its Assets under Management grew by 17% in Asia and 14% globally despite challenging market conditions.

The Private Bank leverages the natural strengths of Standard Chartered: A heritage of over 150 years in international banking, an international network across more than 70 countries, and strong local presence in growth markets. This puts the Private Bank in an advantaged position to build and deepen relationship with its clients.

Standard Chartered Private Bank's strong growth and rising industry leadership has been recognised by the industry: Major awards that the Private Bank has won in 2012 include the "Outstanding Private Bank Asia Pacific 2012" award by Private Banker International; "Asian Advisor Manager of the Year" award by Citywealth Magic Circle Awards 2012; "The Best Private Bank in India" award by Financial Times Private Wealth Management; "The Best Private Bank in India" and "The Best Private Bank in Middle East" awards by Asian Private Banker. More recently, the Private Bank also won "Best Private Bank India" at the inaugural Wealth Briefing Asia Awards 2013.

For more information, please visit: http://www.privatebank.standardchartered.com

Legal Disclaimer

Standard Chartered Private Bank is the private banking division of Standard Chartered Bank ("SCB"). Private banking activities may be carried out internationally by different SCB legal entities and affiliates according to local regulatory requirements. Not all products and services are provided by all SCB branches, subsidiaries and affiliates. Some of the SCB entities and affiliates only act as representatives of the Standard Chartered Private Bank, and may not be able to offer products and services, or offer advice to clients. They serve as points of contact only.

In Singapore, Standard Chartered Private Bank is the Private Banking division of SCB, Singapore branch.

In Hong Kong, Standard Chartered Private Bank is the private banking division of Standard Chartered Bank (Hong Kong) Limited (CE#AJI614) which is regulated by the Hong Kong Monetary Authority and the Securities and Futures Commission in Hong Kong.

In Jersey, Standard Chartered Private Bank is the Registered Business Name of Standard Chartered (Jersey) Limited. Standard Chartered (Jersey) Limited is regulated by the Jersey Financial Services Commission. Standard Chartered (Jersey) Limited is also an authorised financial services provider under license number 9790 issued by the Financial Services Board of the Republic of South Africa. Standard Chartered (Jersey) Limited is a wholly owned subsidiary of Standard Chartered Bank.

In Dubai International Financial Centre (DIFC), SCB DIFC is regulated by the Dubai Financial Services Authority (DFSA) and is authorised to provide financial products and services to persons who meet the qualifying criteria of a Professional Client under the DFSA rules. The protection and compensation rights that may generally be available to retail customers in the DIFC or other jurisdictions will not be afforded to Professional Clients in the DIFC.

Standard Chartered Bank is incorporated in England with limited liability by Royal Charter 1853 Reference Number ZC18. The Principal Office of the Company is situated in England at 1 Basinghall Avenue, London, EC2V 5DD. Standard Chartered Bank is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority.

Standard Chartered Bank in India

Standard Chartered Bank is India's largest international bank with 99 branches in 42 cities, serving 60,000+ SMEs, over 2,500 key Corporate and Institutional Relationships and approx 2 million retail customers. Key businesses comprise Consumer Banking, including Deposits, Loans, Wealth Management, Private Banking and SME Banking; and Wholesale Banking, which includes Cash Transaction Banking, Treasury, Corporate Finance and Custody Services. For more information, visit http://www.standardchartered.co.in

Standard Chartered - leading the way in Asia, Africa and the Middle East

Standard Chartered is a leading international banking group. It has operated for over 150 years in some of the world's most dynamic markets and earns around 90 per cent of its income and profits in Asia, Africa and the Middle East. This geographic focus and commitment to developing deep relationships with clients and customers has driven the Bank's growth in recent years. Standard Chartered PLC is listed on the London and Hong Kong stock exchanges as well as the Bombay and National Stock Exchanges in India.

With 1,700 offices in 70 markets, the Group offers exciting and challenging international career opportunities to over 88,000 staff. It is committed to building a sustainable business over the long term and upholding high standards of corporate governance, social responsibility, environmental protection and employee diversity. Standard Chartered's heritage and values are expressed in its brand promise, 'Here for good'.

For further information please visit http://www.standardchartered.com. Follow Standard Chartered on http://www.facebook.com/standardchartered and on Twitter @StanChart.

Primary Media Contact: Ami Ganjawalla, ami.g.ganjawalla@sc.com, 91-22-67374161

 
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