StanChart Singapore CEO takes on more markets
Janice Heng
Singapore
STANDARD Chartered Bank Singapore chief executive officer Patrick Lee will be responsible for more markets in his new appointment as cluster CEO for the Singapore and Asean markets (Malaysia, Vietnam, Thailand and representative offices) from Jan 1, 2021. This is part of StanChart's new Asia region structure, which groups key markets in seven clusters, as announced on Tuesday.
Covering other Asean markets is Andrew Chia, cluster CEO for Indonesia and Asean markets (Australia, Brunei and the Philippines).
In September, StanChart announced its new organisation structure, including the combination of the Asean and South Asia region and Greater China and North Asia region into a single "Asia" region to be led by Ben Hung, current regional CEO for Greater China and North Asia.
On Tuesday, StanChart also announced the structure and key roles for its new Consumer, Private and Business Banking business.
This is to be led by Judy Hsu, currently regional CEO for Asean and South Asia. It will be organised around two client groups - personal and business banking, and private and priority banking - and two regions, namely Asia, and Africa, the Middle East and Europe. Current global head of private banking Didier von Daeniken is leaving StanChart to explore other opportunities.
A new appointment was also announced for the Europe and Americas region. In addition to becoming CEO for Europe and Americas, Torry Berntsen will become CEO, Europe and United Kingdom, and relocate to the UK. Steve Cranwell will succeed Mr Berntsen as CEO, Americas.
The group will still report its full-year 2020 results according to the current structure, with four business segments and four regions.
