Standard Chartered is aiming to more than double assets under management at its wealth business to $300 billion by 2020, targeting the emerging markets’ burgeoning high net worth investors.

The $300 billion aspiration, outlined today by Standard Chartered group chief executive Peter Sands alongside the firm's full-year results for 2013, compares with its current $137 billion of assets under management in the wealth business, which is set to gain greater prominence as a result of a business reorganisation that was announced in January and will take effect from the start of April.