The private banking unit of Standard Chartered has hired a wealth planning expert in Singapore.
Standard Chartered Global Private Bank has appointed Derek Too as head, wealth planning & family advisory, Singapore, according to a statement. In the role, he reports to Mike Tan, global head, wealth planning & family advisory.
Too has over 15 years of wealth planning experience advising high net worth and ultra-high net worth individuals on succession planning. Previously, he worked at UBS, Société Générale Trust and HSBC in Singapore. Prior to this, he also worked in tax consultancy and advisory at tax consultancy firms in Singapore and Australia.
«Intergenerational wealth transfer is increasingly a top-of-mind concern for many high net worth clients and their families. Having a dedicated wealth planning team who are well versed with the local governance structure and framework in Singapore will go a long way in supporting our clients,» Tan commented.
