Stanchart Eyes 10% Of Investment Banking Pie

Standard Chartered Bank (SCB) is eyeing a 10 per cent market share of the Rs 150 crore annual investment banking fees generated in India through corporate advisory services.

The bank has kicked off corporate advisory services as it sees good potential to advise clients on mergers & acquisitions, capital & financial restructuring, acquisition financing and private placement. The $6 billion bank has global corporate advisory services at only two other places - Hong Kong and Singapore.

According to Chris Low, CEO, India Region, SCB,