Standard Chartered opens Nyali wealth management centre

NAIROBI, Kenya – Standard Chartered Bank Kenya has unveiled a new wealth management centre in Nyali, Mombasa, aimed at catering to affluent clients seeking investment and financial planning services. The newly opened centre will provide clients with guidance on investment planning, financing, wealth preservation, succession planning, as well as access to international investment opportunities through the bank's global network.

Birju Sanghrajka, the CEO of Standard Chartered Kenya, highlighted that Mombasa's economy, valued at over Sh700 billion, is generating demand for specialized financial services. Edith Chumba, the bank's Head of Wealth and Retail Banking in Kenya and East Africa, explained that the new centre would assist clients in building, preserving, and transferring wealth across generations.

The opening of this wealth management centre marks an expansion of Standard Chartered Bank's Priority Banking services, extending beyond Nairobi. Kenya continues to be a significant private wealth market, with approximately 7,000 dollar millionaires, as reported in the Africa Wealth Report 2025.