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StanChart Announces Senior Private Banking Hire, New Product In North East Asia And China

Vanessa Doctor

31 July 2013

, the head of investment advisory for North East Asia who joined the company in 3 June 2013. In this role, Yeung joins a team responsible for advisory services and investment solutions on multiple asset classes to private, high net worth and ultra high net worth clients in the region.

Prior to Standard Chartered, Yeung was senior director of the investment product team at Bank Sarasin & CIE. He brings around 20 years of industry experience, having previously worked for HSBC Private Bank and Hang Seng Bank. 

Standard Chartered Private Bank is headquartered in Singapore and has 19 offices including two trust branches in 15 cities across Asia, Africa, Middle East and Europe.

The announcement came almost at the same time as the launch of Standard Chartered Bank China's domestic mutual funds in Shanghai, making it one of the first foreign banks to sell domestic mutual funds in the Mainland. 

"With the addition of domestic mutual funds, we will be able to offer solutions involving domestic and international investment solutions. We have been analysing and recommending investments in the major Chinese asset classes to our customers outside of China for many years; we will now be able to bring this expertise to our wealth management customers in the country," said Alexis Calla, global head of advisory and investment.

The bank has been preparing for domestic fund sales since 2008 through preliminary agreements with China Asset Management, Guangfa Fund, Bank of Communications Schroder Fund, Bosera and Fortune SG Fund, among others.