A private banking veteran, most recently with UBS leading a team covering high net worth clients in Hong Kong, has reemerged at Standard Chartered, finews.asia has learned.
Chiu Wai Man has joined Standard Chartered as a deputy market head for Hong Kong, effective as of yesterday, sources told finews.asia.
A spokesperson for the bank confirmed the new hire.
Chiu was most recently the Hong Kong country team head at UBS where she joined in 2018 with the task of hiring more relationship managers for the bank’s high net worth business in the city under regional market manager Adeline Chien. Chiu has around 20 years of banking experience and was previously with Hang Seng leading a 30-strong private banking team after stints with ANZ and HSBC.
Hiring Drive
Standard Chartered continues to hire for the private banking business which has reportedly not been derailed by the ongoing pandemic and remains on track to reach its target of $100 billion assets under management (AUM) in the next two to four years. The bank had over $67 billion of AUMs as of 2019-end.
In January this year, Standard Chartered hired another ex-UBS banker, Gerald See, as an executive director and senior client partner based in Singapore to focus on ultra-high net worth (UHNW) clients. At UBS, See was previously a director in its family office and UHNW division.
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