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”.