Standard Chartered's Acquisition of American Express Bank (B)

Case Studies | Cases in Business, Management, Cases | Case Study

ICMR HOME | Case Studies Collection

Case Details:

Case Code : BSTR350
Case Length : 12 Pages
Period : 2007-2009
Pub Date : 2009
Teaching Note :Not Available
Organization : Standard Chartered Bank / American Express Bank
Industry : Banking / Financial Services
Countries : UK, USA

To download Standard Chartered's Acquisition of American Express Bank (B) case study (Case Code: BSTR350) click on the button below, and select the case from the list of available cases:


For delivery in electronic format: Rs. 300;
For delivery through courier (within India): Rs. 300 + Rs. 25 for Shipping & Handling Charges

Business Strategy Case Studies
Case Studies Collection
Business Strategy Short Case Studies
View Detailed Pricing Info
How To Order This Case
Business Case Studies
Area Specific Case Studies
Industry Wise Case Studies
Company Wise Case Studies

Please note:

This case study was compiled from published sources, and is intended to be used as a basis for class discussion. It is not intended to illustrate either effective or ineffective handling of a management situation. Nor is it a primary information source.

<< Previous

"It was a bold move for us and we knew it would help catapult us into the top league of wealth management, particularly as emerging markets were becoming so important in wealth creation."1

- Peter Flavel, CEO, Standard Chartered Private Bank, in May 2008.

"This transaction fits two of our key businesses. It turbo-charges our private banking business, advancing it by two to three years, and it more than doubles our financial institutions’ business."2

- Richard Meddings, Finance Director, Standard Chartered Bank, in September 2007.


In May 2009, the UK based Standard Chartered Bank (StanChart) announced that it would be hiring 100 relationship managers to expand its private banking3 division. This announcement came amid the news from several financial institutions the world over about downsizing their staff because of the global economic slowdown.

StanChart started its private banking initiative in June 2007. It was awarded the Global Best Private Bank for the year 2008 by Euro Money. The award was presented in recognition of the bank’s risk management practices, focus on growth markets, achievements in performance, growth in client base and commitment to client service.

Standard Chartered's Acquisition of American Express Bank (B) - Next Page>>

1] David Bain, "Standard Chartered Private Bank Looks to Continue Growth Momentum,", May 19, 2008.
2] Sean Farrell, "Standard Chartered Buys US Bank to Expand in Asia,", September 19, 2007.
3] Private banking business is designed to provide preferred customers, mainly high net worth individuals, with asset management, professional advice regarding investments and other personalized services.

Case Studies Links:- Case Studies, Short Case Studies, Simplified Case Studies.

Other Case Studies:- Multimedia Case Studies, Cases in Other Languages.

Business Reports Link:- Business Reports.

Books:- Textbooks, Work Books, Case Study Volumes.