Standard Chartered India said it has agreed to acquire the private wealth management business of Morgan Stanley India for an undisclosed amount, subject to regulatory approvals.

“Standard Chartered India has agreed to acquire Morgan Stanley’s onshore private wealth management business here. The acquisition complements our existing private banking onshore business and will significantly increase our private banking AUM here,” said a statement by StanChart India. Standard Chartered India had re-entered the private banking business in 2006 after a decade’s […]