Standard Chartered PLC Global Private Bank has appointed a seasoned former Bank of Singapore Greater China banker as part of its push into the region. Hu Hong has joined the British lender as group market head, where he will focus on building a new Greater China team, the bank said. He is based in Singapore and reports to Foo Tian Ong, regional head, Southeast Asia and Singapore location head, Standard Chartered Global Private Bank.
Hu resigned from Bank of Singapore last September, where he was its market group head for Greater China and managed three market heads and a team of 100 frontline staff. He spent over 15 years at the private bank and 20 overall with its owner OCBC. The bank most recently expanded its global chief investment office team with hires from UBS and JP Morgan Asset Management, that include Sundeep Gantori and Jonathan Liang.
Standard Chartered outlined a target of $200bn in net new money and double-digit growth in wealth solutions income by 2029, at a seminar hosted by Raymond Ang, the bank?s global head, private bank and affluent clients.
