People Moves
Standard Chartered Hires New Singapore CEO

The new CEO will be responsible for leading the bank's Singapore business.
Standard
Chartered has appointed Patrick Lee as chief executive
of its bank in Singapore, subject to regulatory
approval.
Lee will be based in Singapore and report to Judy Hsu, regional
CEO, ASEAN and South Asia, who will pass over her Singapore CEO
responsibilities to Lee. He has 25 years of experience in
the banking industry, including corporate and investment banking,
and has worked in Singapore, Hong Kong and London. He joined
Standard Chartered in 2012 and his most recent position is head
of global banking, Singapore, for which he will remain
responsible until a successor is announced.
In his role as CEO, he will be responsible for developing and
executing the strategy for the business, deepening relationships
with clients and businesses, bottom line profitability and
capital, and strengthening its relationships with the local
stakeholders.
“We remain highly committed to Singapore, which has been a core
market for Standard Chartered,” said Hsu. “This is where all our
global businesses operate, and is a strong talent base for our
business. We continue to leverage Singapore as an international
financial centre and a gateway to Asia. We are very pleased with
the appointment of Patrick as the CEO of the Singapore franchise.
He has vast experience in banking and in managing local and
regional businesses and has been a key member of our country
management team since he joined the Bank in 2012. With his
in-depth knowledge of our franchise, and strong track record in
developing high performance teams, we are confident that Patrick
will effectively lead our team in Singapore as we focus on our
next phase of growth.”
In June, this publication
reported that Standard Chartered’s compliance chief, Neil
Barry, had left the UK-listed bank after a disciplinary probe
discovered his behaviour to be “inappropriate”.