Print this article

Standard Chartered Confirms ASEAN Private Banking Head As Predecessor Moves West

5 August 2014

Following weeks of market rumours that he was making the move, Standard Chartered Private Bank has confirmed its appointment of Peter Kok, formerly of UBS, as its new ASEAN head of private banking. The appointment is effective from 18 August. He replaces Rajesh Malkani, who is moving to the bank’s UK offices in London later this year, as this publication has previously reported.

Kok has more than 20 years of expertise in the region, the UK-listed banking firm said in a statement today. Kok was most recently the managing director and regional market manager at UBS. In that role, he led the wealth management business in Singapore and Malaysia as well as the external asset management business in Singapore and Hong Kong.

Prior to joining UBS in 2007, he held a range of senior positions leading the private banking business at ING and ABN AMRO in Europe, the Middle East and Asia.

Based in Singapore, Kok will report to Michael Benz, global head of private banking clients, and Neeraj Swaroop, CEO Singapore.

There have been high-profile moves at including that of Rajesh Malkani, regional head, private banking clients, ASEAN/Greater China, who is is moving to the bank’s UK offices in London later this year. The firm is seeking a replacement.

In late July, Standard Chartered, which is listed in the UK, issued a sharp knock-down to media speculation that it is looking to oust existing chief executive Peter Sands. A report by the Financial Times said the chairman, Sir John Peace, was looking at succession plans after the bank had warned of disappointing results.

(This item has been updated with fresh detail.)