The bank has hired Didier von Daeniken in a newly created position to align private banking and wealth management product and advisory, as Michael Benz departs.
The UK bank has hired from a rival to replace its group head of private banking Michael Benz, AsianInvestor understands. The new head will start in the first quarter next year.
Michael Benz has lamented the lack of product choice on private banking platforms. Standard Chartered's global private banking chief trumpets the benefits of a one-stop-shop bank, but Julius Baer disagrees.
Standard Chartered Bank has named the new Asean head of its ultra-high-net-worth business. It is StanChart's latest private banking hire for the segment, which it appears determined to grow.
Long-time UBS hand Michael Benz joins Standard Chartered private bank next week as CEO. If he has a strong mandate, change is forecast and major hires could be on the way.
Group CEO Boris Collardi offers assurances that the Swiss private bank can successfully integrate the international wealth management business of brokerage Merrill Lynch.