Standard Chartered continues to calibrate its structure in Singapore and has announced the addition of another two senior bankers to its Private Banking unit and the departure of the Ultra-High-Net-Worth unit head.
Andrew Ho will join the bank as Managing Director and Market Head, Indonesia, and Vishal Jain joins as Managing Director and Market Head, Global South Asia Community (GSAC) Asia, the bank said in a statement.
Both will be based in Singapore and will report to Srinivas Siripurapu, Regional Head, Private Banking, ASEAN and South Asia (ASA) and Global Head, Global South Asia Community (GSAC). The appointments are effective as of November 2016.
Ex-UBS and Barclays Wealth
Ho, who will lead the Indonesian team, was previously with UBS. At the Swiss bank he spent the last 15 years in a number of senior positions before his latest role as Country Team Head of Indonesia since 2010.
Ho takes over from Stephen Richards-Evans, who the bank says has decided to pursue another opportunity externally.
Set Up Onshore Business
Vishal Jain joins the Bank after more than eight years at Barclays, where he was most recently a Managing Director leading a team of 40 RMs across the India Private Banking business and was part of the leadership team that set up the onshore business.
He assumes the leadership of the NRI Singapore team from David Koay and the NRI Hong Kong team from Wellington Ng. Jain will lead the Asia-based GSAC team, which is a key cornerstone for building out our global NRI strategy
