The Economic Times

The Economic Times: "LONDON: It's not usual for a wealth manager to tell his clients how to give away money their money, but that, says Peter Flavel, global head of Standard Chartered private banking 'is what the clients want.'

Standard Chartered has just set up its focused Global Indian private banking programme for both onshore and offshore HNIs, the second such global programme after one for Australians.

To begin with, the programme launches in UK, where Mr Flavel estimates there are 35,000 rich global Indians with more than USD 1 million to invest, that is the base level.

Says Mr Flavel, 'More wealthy Indians want to do good things with their money, but don't know where to give, or how. We're in a position of being able to provide the service.' So philanthropy partnership will be one of the main pillars of Standard Chartered's new Global Indian private banking programme."