The latest moves and appointments at Standard Chartered Bank in Asia.
This week Standard Chartered Bank appointed James Lye as global head of international banking, to help grow the business.
In this newly-created role, he will be based in Singapore, reporting to Raymond Ang, global head of affluent clients, and Samir Subberwal, head of consumer, private and business banking, Asia, and global head of digital business, the firm said in a statement.
Lye, who brings over 20 years of banking experience, was most
recently head of markets for Citibank International Personal Bank
Singapore – a business unit specialising in offshore investment
and wealth management products and services to high net worth
individuals residing outside of Singapore.
With increasing international and inter-generational mobility, the firm said that affluent clients have a growing need to manage their wealth across different jurisdictions. In this respect, the bank believes that it has an advantage – it can offer international banking in four cross-border hubs globally, namely Hong Kong, Singapore, Dubai, and Jersey.
Welcoming him to the firm, Ang said: “Our international banking proposition answers clients’ cross-border wealth management needs. It complements the suite of affluent banking services that serves clients across Asia, Africa and the Middle East.”
Subberwal added: “Increased cross-border wealth management needs arising from increasing international mobility is a trend that is here to stay. We have doubled our international banking team in the last three years and will continue to support our clients by hiring the best talents and enhancing our international banking proposition through investments in digitalisation.”
Standard Chartered is an international banking group, with a presence in 59 markets. It is listed on the London and Hong Kong Stock Exchanges.