Standard Chartered Head of Affluent Banking and Wealth Solutions, East Africa, Paul Njoki, Head of Wealth and Retail Banking, Kenya and East Africa, Edith Chumba, Director of Operations, The Promenade Mall, Mombasa, Alia Bhanji; CEO, The Promenade Mall, Alim Bhanji; and Standard Chartered Kenya CEO, Birju Sanghrajka, during the opening of a Priority Centre in Mombasa./ HANDOUTStandard Chartered Bank Kenya has opened a new Priority Centre in Nyali, Mombasa, as it seeks to tap into the growing pool of wealth being generated along the Coast and connect affluent clients to international investment opportunities.
The new centre will provide specialised wealth management services, including investment planning, wealth structuring, financing, wealth preservation and succession planning, as the bank expands its affluent-client offering beyond Nairobi.
The lender said the move reflects the increasing sophistication of clients in Mombasa, where economic activity spans trade, tourism, logistics, manufacturing and other sectors.
“Mombasa is an important economic hub for Kenya, and the scale and diversity of economic activity in the county demonstrate its growing importance as a centre of wealth creation,” Standard Chartered Kenya chief executive, Birju Sanghrajka, said.
“With an economy of more than Sh700 billion and strong activity across trade, tourism, logistics, manufacturing and other sectors, the needs of clients are becoming increasingly sophisticated.”
The bank said the Nyali facility will give clients access to its international network and wealth hubs, allowing them to explore investment opportunities in different markets and access multi-market financing solutions.
The expansion comes as Kenya's private wealth market continues to develop, with rising demand among affluent individuals for services that go beyond conventional banking and investment products.
Standard Chartered head of wealth and retail banking in Kenya and East Africa, Edith Chumba, said wealthy clients increasingly require advice covering the entire lifecycle of their wealth.
“As wealth grows, clients need financial advice that goes beyond investment to help them build, preserve and transfer wealth across generations,” Chumba said.
“Our Priority Centre in Mombasa brings our global reach and local market understanding closer to clients, giving them access to the expertise and international opportunities they need.”
The bank said relationship managers and wealth specialists at the Nyali centre will provide dedicated support to clients in developing long-term financial strategies based on their individual goals and risk profiles.
The services will include investment management, financing, wealth preservation and succession planning, areas that are becoming increasingly important for high-net-worth individuals seeking to preserve family wealth across generations.
Mombasa's position as a commercial gateway is also underpinning the bank's expansion.
The county handled 22.3 million tonnes of cargo through the Port of Mombasa in the first half of 2026, while 566,400 tonnes of freight were moved by rail during the period.
Mombasa International Airport also received 96,700 international visitors in the first four months of the year, highlighting the importance of tourism and international connectivity to the coastal economy.
The activity provides a broad economic base for wealth creation, spanning businesses involved in import and export trade, shipping and logistics, tourism, manufacturing, real estate and related services.
The new centre adds to Standard Chartered's Priority Banking footprint in Kenya and represents a strategy of taking specialised wealth services closer to affluent customers in major economic centres outside Nairobi.
Kenya remains one of Africa's significant private wealth markets. The Africa Wealth Report 2025 estimated that the country had about 7,000 US-dollar millionaires, with more than 4,000 of them based in Nairobi.
The bank is seeking to leverage its international network to give Kenyan clients access to investment opportunities beyond the domestic market while combining those services with advice based on local financial and business conditions.
The Nyali centre will therefore serve as a link between Coastal wealth creation and global financial markets, particularly for clients looking to diversify investments, secure financing across markets or plan the transfer of wealth to future generations.
Standard Chartered has operated in Kenya for more than 110 years and is part of Standard Chartered PLC, which is listed on the London and Hong Kong stock exchanges.
