Standard Chartered Bank Senior Management Changes: Ben Hung Appointed as President of International, Judy Hsu as Head of Greater China & North Asia Markets in Addition to CEO of Consumer, Private & Business Banking, Roberto Hoornweg & Sunil Kaushal as Co-Heads of Corporate & Investment Banking, Roberto Hoornweg to Lead Europe, Americas, Middle East & Africa and Sunil Kaushal to Lead ASEAN South Asia, CEO of Corporate & Investment Banking Simon Cooper to Depart
14th March 2024 | Hong Kong
Standard Chartered Bank has announced senior management changes (effective 1/4/24) with Ben Hung appointed as President of International, Judy Hsu appointed as Head of Greater China & North Asia Markets in addition to her role as CEO of Consumer, Private & Business Banking, Roberto Hoornweg & Sunil Kaushal as Co-Heads of Corporate & Investment Banking with Roberto Hoornweg to lead Europe, Americas, Middle East & Africa and Sunil Kaushal to lead ASEAN South Asia. Standard Chartered CEO of Corporate & Investment Banking Simon Cooper will be leaving after 8 years at Standard Chartered (2016). Announcement (1/4/24): “Standard Chartered: Effective 1 April 2024, Standard Chartered PLC (the “Group”) has announced changes to its Group management structure to create a simpler and more efficient organisation. This will ensure the right leadership team is in place to reduce complexity and further sharpen the focus on driving strong, sustainably higher returns through each business line. 1) Ben Hung, currently CEO, Asia, will assume the new role of President, International, focusing on the Group’s priority to deliver for its clients across markets, balancing the need to drive global business strategies while maintaining appropriate local focus. Until Judy completes her move to Hong Kong, Ben will continue to oversee GCNA markets. 2) Judy Hsu, CEO, Consumer, Private and Business Banking (CPBB) will take on responsibility for Greater China and North Asia markets, after her move to Hong Kong from Singapore, in addition to her ongoing responsibility for CPBB. 3) Roberto Hoornweg, currently Global Head, Financial Markets and Sunil Kaushal, currently Regional CEO, Africa & Middle East are appointed Co-Heads of Corporate & Investment Banking (CIB) (previously Corporate, Commercial and Institutional Banking (CCIB)). Simon Cooper will leave the Group to pursue other interests. To ensure clear accountabilities to better drive global priorities through each of the business lines into the markets where they operate, the regional dimension will be removed from the structure. As a result, in addition to co-leading CIB, Roberto will take on responsibility for Europe, Americas, Middle East and Africa markets, based in Dubai; Sunil will take on responsibility for ASEAN and South Asia markets, based in Singapore. 4) Tanuj Kapilashrami, currently Group Head, Human Resources (HR), will assume a new role of Chief Strategy and Talent Officer. In addition to HR, Tanuj will take on responsibility for Strategy, Corporate Affairs, Brand and Marketing, Supply Chain Management, and Property. In February 2024, Standard Chartered Bank appointed investment & corporate banking leader Jacob Berman as CEO Australia (2024 January). Jacob Berman had joined Standard Chartered Bank 11 years ago in 2012 in investment & corporate banking in Singapore, Dubai & Tokyo. In January 2024, Standard Chartered Private Bank hired HSBC Sidney Wang as Greater China Market Head, who had been with HSBC Private Bank for more than 18 years (2005 to 2023 and held senior roles including Desk Head China, Market Head Asia & Head of International Connectivity. More info below:
“ Standard Chartered Bank Senior Management Changes: Ben Hung Appointed as President of International, Judy Hsu as Head of Greater China & North Asia Markets in Addition to CEO of Consumer, Private & Business Banking, Roberto Hoornweg & Sunil Kaushal as Co-Heads of Corporate & Investment Banking, Roberto Hoornweg to Lead Europe, Americas, Middle East & Africa and Sunil Kaushal to Lead ASEAN South Asia, CEO of Corporate & Investment Banking Simon Cooper to Depart “
Bill Winters, Group Chief Executive: “As we announced at our Full Year 2023 results, we are taking action to build on our momentum and deliver sustainably higher returns. These changes will ensure we have the strongest possible team in place, with clear accountabilities, to drive our transformation efforts and bring renewed intensity to our focus on increased growth and returns through each of our business lines. I would like to thank Simon Cooper for his contribution to Standard Chartered over the past eight years. He has led a substantial transformation in our Corporate, Commercial and Institutional Banking business, which has been instrumental in delivering sustainable returns.”
Standard Chartered: Effective 1 April 2024, Standard Chartered PLC (the “Group”) has announced changes to its Group management structure to create a simpler and more efficient organisation. This will ensure the right leadership team is in place to reduce complexity and further sharpen the focus on driving strong, sustainably higher returns through each business line.
- Ben Hung, currently CEO, Asia, will assume the new role of President, International, focusing on the Group’s priority to deliver for its clients across markets, balancing the need to drive global business strategies while maintaining appropriate local focus. Until Judy completes her move to Hong Kong, Ben will continue to oversee GCNA markets.
- Judy Hsu, CEO, Consumer, Private and Business Banking (CPBB) will take on responsibility for Greater China and North Asia markets, after her move to Hong Kong from Singapore, in addition to her ongoing responsibility for CPBB.
- Roberto Hoornweg, currently Global Head, Financial Markets and Sunil Kaushal, currently Regional CEO, Africa & Middle East are appointed Co-Heads of Corporate & Investment Banking (CIB) (previously Corporate, Commercial and Institutional Banking (CCIB)). Simon Cooper will leave the Group to pursue other interests. To ensure clear accountabilities to better drive global priorities through each of the business lines into the markets where they operate, the regional dimension will be removed from the structure. As a result, in addition to co-leading CIB, Roberto will take on responsibility for Europe, Americas, Middle East and Africa markets, based in Dubai; Sunil will take on responsibility for ASEAN and South Asia markets, based in Singapore.
- Tanuj Kapilashrami, currently Group Head, Human Resources (HR), will assume a new role of Chief Strategy and Talent Officer. In addition to HR, Tanuj will take on responsibility for Strategy, Corporate Affairs, Brand and Marketing, Supply Chain Management, and Property.
Standard Chartered
We are a leading international banking group, with a presence in 53 of the world’s most dynamic markets and serving clients in a further 64. Our purpose is to drive commerce and prosperity through our unique diversity, and our heritage and values are expressed in our brand promise, here for good. Standard Chartered PLC is listed on the London and Hong Kong stock exchanges.
Standard Chartered Private Bank Hires HSBC Sidney Wang as Greater China Market Head, 18 Years at HSBC Private Bank with Senior Roles Including Desk Head China, Market Head Asia & Head of International Connectivity
3rd January 2024 – Standard Chartered Private Bank has hired HSBC Sidney Wang as Greater China Market Head, who had been with HSBC Private Bank for more than 18 years (2005 to 2023 and held senior roles including Desk Head China, Market Head Asia & Head of International Connectivity. In his new role as Standard Chartered Private Bank Greater China Market Head, Sidney Wang reports to Peter Tung (Standard Chartered Regional Head of Private Banking, Greater China & North Asia). In late November 2023, Standard Chartered Bank hired 16-year Credit Suisse veteran Daniel Furer as Head of Discretionary Portfolio Management & Asset Allocation, reporting to Steve Brice (Chief Investment Officer). Daniel Furer joined from Credit Suisse after 16 years where he last held the role of Credit Suisse Head of Investment Management Singapore & Business Development Asia. In October 2023, Standard Chartered Private Bank appointed Vinay Gandhi as Global Head of South Asian Community and Regional Head of Africa, Middle East & Europe, and hired UBS Foo Tian Ong as Regional Head of Southeast Asia & Head of Singapore. In September 2023, Standard Chartered Private Bank hired JP Morgan Mike Tan as Global Head of Wealth Planning & Family Advisory (25/9/23), leading the group wealth planning & family advisory team in 4 wealth advisory hubs in Hong Kong, Singapore, UAE & Jersey. More info below:
Standard Chartered Bank Hires 16-Year Credit Suisse Veteran Daniel Furer as Head of Discretionary Portfolio Management & Asset Allocation
29th November 2023 – Standard Chartered Bank has hired 16-year Credit Suisse veteran Daniel Furer as Head of Discretionary Portfolio Management & Asset Allocation, reporting to Steve Brice (Chief Investment Officer). Daniel Furer joins from Credit Suisse after 16 years where he last held the role of Credit Suisse Head of Investment Management Singapore & Business Development Asia. At Standard Chartered Bank, Daniel Furer will oversee the Chief Investment Office (CIO) fund and flagship portfolio businesses, customized mandates & asset allocation solutions. Earlier in October 2023, Standard Chartered Private Bank appointed Vinay Gandhi as Global Head of South Asian Community and Regional Head of Africa, Middle East & Europe, and hired UBS Foo Tian Ong as Regional Head of Southeast Asia & Head of Singapore. In September 2023, Standard Chartered Private Bank hired JP Morgan Mike Tan as Global Head of Wealth Planning & Family Advisory (25/9/23), leading the group wealth planning & family advisory team in 4 wealth advisory hubs in Hong Kong, Singapore, UAE & Jersey. More info below:
Standard Chartered Private Bank Appoints Vinay Gandhi as Global Head of South Asian Community and Regional Head of Africa, Middle East & Europe, Hires UBS Foo Tian Ong as Regional Head of Southeast Asia & Head of Singapore
21st October 2023 – Standard Chartered Private Bank has appointed Vinay Gandhi as Global Head of South Asian Community and Regional Head of Africa, Middle East & Europe, and hired UBS Foo Tian Ong as Regional Head of Southeast Asia & Head of Singapore. Vinay Gandhi has 30 years of financial industry, joining Standard Chartered Private Bank in 2021 from Bank J. Safra Sarasin (Singapore CEO). Foo Tian Ong has 20 years of private banking experience, joining from UBS (Head of Thailand, the Philippines, NRI & Vietnam). In September 2023, Standard Chartered Private Bank hired JP Morgan Mike Tan as Global Head of Wealth Planning & Family Advisory (25/9/23), leading the group wealth planning & family advisory team in 4 wealth advisory hubs in Hong Kong, Singapore, UAE & Jersey.
Standard Chartered Private Bank Hires JP Morgan Mike Tan as Global Head of Wealth Planning & Family Advisory, Leading Group Wealth Planning & Family Advisory Team in 4 Wealth Advisory Hubs Hong Kong, Singapore, UAE & Jersey
16th September 2023 – Standard Chartered Private Bank has hired JP Morgan Mike Tan as Global Head of Wealth Planning & Family Advisory (25/9/23), leading the group wealth planning & family advisory team in 4 wealth advisory hubs in Hong Kong, Singapore, UAE & Jersey. Based in Singapore, Mike Tan will report to Raymond Ang (Standard Chartered Global Head of Private & Affluent Banking).
Standard Chartered Global Head of Private & Affluent Banking Raymond Ang: “Wealth planning and family advisory is an integral part of our proposition as a trusted advisor for our clients and it enhances our offering to serve the banking and wealth needs of ultra-high net worth individuals, families and family offices across our network. I look forward to welcoming Mike to the Bank as we lift our wealth planning and family advisory business to the next level and consolidate our position as one of the largest international wealth managers”
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