Standard Chartered has appointed Peter Tung as regional head, private banking, Greater China & North Asia. Based in Hong Kong, he is responsible for leading the team of relationship managers to grow Standard Chartered's private banking business in the GCNA region. He succeeds Vivian Chan, who was appointed global vice hcairman, private banking last October.

Tung reports to Mary Huen, CEO, Hong Kong, and Raymond Ang, global head, private and affluent clients. He is also a member of the Hong Kong Management Committee. Tung is a seasoned private banker with close to 30 years of experience managing UHNW and family offices in Hong Kong and Mainland China.

He started his career building teams to grow the private wealth management business in Morgan Stanley covering UHNW/family office clients, and leading the ‘billionaire' coverage teams as the UHNW region head of Greater China in UBS. Most recently, Tung joined worked at DBS Hong Kong, where he was head of Greater China region private bank and treasures private clients.