Standard Chartered Bank, the London-listed bank which does 80% of its business in Asia, reported record asset growth last year in its private bank, boosted by a growing pool of wealth in China, India and other Asian markets.

Client assets under management across the private bank grew 31% to $46bn, its best ever yearly growth, while AUM in Asia grew nearly 40% in 2010. Revenue increased by nearly a quarter to $400m.