Standard Chartered rolls out management shuffle

Consumer banking division receives a boost from executive promotions.

Standard Chartered has rolled out a number moves in its management team, in particular in the consumer banking division and the operations department. All promotions are in Hong Kong and reflect its desire to drive future growth of consumer banking in China.

Effective 1 March, Tan Kong Khoon, assumes the position of regional head of consumer banking, China and Hong Kong. He is promoted from his current position as head, consumer banking, Hong Kong and be succeeded by Ben Hung, currently chief operating officer.

Tan will be responsible for the strategic development and expansion of Standard Chartered's consumer banking franchises in China and Hong Kong. Hung, on the other hand, will be responsible for managing the bank's consumer banking business in Hong Kong.

Tan takes on the expanded role after joining the bank in 2000. Prior to his most recent post, he headed up Standard Chartered's wealth management and branch and direct banking divisions.

Hung has been at Standard Chartered for 14 years and his resume includes senior management positions in client relationships, transactional banking, business strategy and finance. He has also served the bank as group head of investment relations at its London headquarters.

Replacing Hung as chief operating office in Hong Kong is Bethy Tam, who takes on the role after serving as regional head of corporate affairs, Greater China, Japan, Australia and the Philippines. Joining Standard Chartered in 1983 as a management trainee, Tan brings over 19 years commercial banking experience in both wholesale banking and consumer banking. She accepted her current role as head of regional corporate affairs in 2002.