Standard Chartered is acquiring the Indian wealth management unit of Morgan Stanley, which will help the British bank expand its private banking business in India..Trilegal advised Standard Chartered Bank with a team led by Partner Nishant Parikh while Amarchand Mangaldas advised Morgan Stanley with a team led by Mumbai Managing Partner Cyril Shroff along with Partner Ipsita Dutta..Standard Chartered will initially pay $8 million (Rs. 44.7 crore) for the unit, which has about $800 million (Rs. 4,477 crore) of assets under management, reports Mint..Morgan Stanley had commenced the sale of its Indian private wealth management unit in November 2012 after entering the market about 4 years prior to that..Image taken from here
Standard Chartered is acquiring the Indian wealth management unit of Morgan Stanley, which will help the British bank expand its private banking business in India..Trilegal advised Standard Chartered Bank with a team led by Partner Nishant Parikh while Amarchand Mangaldas advised Morgan Stanley with a team led by Mumbai Managing Partner Cyril Shroff along with Partner Ipsita Dutta..Standard Chartered will initially pay $8 million (Rs. 44.7 crore) for the unit, which has about $800 million (Rs. 4,477 crore) of assets under management, reports Mint..Morgan Stanley had commenced the sale of its Indian private wealth management unit in November 2012 after entering the market about 4 years prior to that..Image taken from here
