Standard Chartered Bank (SCB) has concluded its first Young Entrepreneur Programme (YEP) for the next generation of its high net worth (HNW) clients under the priority private segment.
The inaugural programme took place over four days in Singapore in early August, bringing together 53 participants of 13 nationalities, joining from eight of the bank’s key market in Asia and beyond.
The YEP, which is curated in collaboration with Insead and SC Ventures (Standard Chartered’s innovation, fintech investment and ventures arm) focuses on building early entrepreneurial skills, according to the bank.
It uses the knowledge of Insead senior faculty and the hands-on venture creation experience of SC Ventures to take participants through a process from embedding a human-centred design, translating client insights into venture ideas, to building a convincing business model and pitching to an experienced panel from SCB, SC Ventures and INSEAD.
Ong Lay Choo, global head, affluent segment, Standard Chartered said: “Beyond tailoring solutions to meet our high-net-worth clients’ financial goals, we also provide clients with access to unique personal experiences while supporting the development of their next generation.”
The YEP is a part of SCB’s “Global Experiences”, a by-invitation only programme, which offers an integrated suite of differentiating experiences specially curated for HNW clients under its priority private client segment.
Key offerings under the programme include a signature annual international golf series held across the bank’s key footprint markets, a global concierge programme with experiential lifestyle themes and delivered via an engaging digital platform, as well as the masters’ series which offers priority private clients access to expert speakers across a range of specialised and niche topics.
