Standard Chartered Names Regional Head of Private Banking
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The bank has hired a new regional head to replace its outgoing regional head, Private Banking West.
Standard Chartered has appointed Grant Parkinson as regional head of its private banking business for Europe, Africa, and the Middle East, the bank said in a statement.
Parkinson joins the bank from U.K. wealth manager Brewin Dolphin, where he was a chief operating officer. He was also a chief operating officer at Coutts from 2012 to 2017, and previously worked for Barclays and McKinsey. Based in London, he reports to Didier von Daeniken, global head, private banking.
Current regional head, Private Banking West, Steve Atkinson, is stepping down from his role and will be leaving after three decades with the bank. He will work closely with Parkinson to ensure a smooth leadership transition over the next few weeks, the bank said.
The Private Bank’s franchise in the West is an important part of its global Private Banking business, complementing its franchise in Asia to cater to the needs of a global client base,» Standard Chartered said in the statement.
The London-headquartered private bank previously stated plans to grow its assets under management (AUM) from $65 billion currently to about $100 billion in three to five years and said it would be hiring 30-40 relationship per year over the next two to three years.
Questions & Answers
Q.What is Grant Parkinson's reporting structure within Standard Chartered?
What is Grant Parkinson's reporting structure within Standard Chartered?
Grant Parkinson will be based in London and reports directly to Didier von Daeniken, who holds the position of global head of private banking. This establishes his immediate line of command within the bank.
Q.What was Grant Parkinson's previous role before joining Standard Chartered?
What was Grant Parkinson's previous role before joining Standard Chartered?
Before joining Standard Chartered, Grant Parkinson served as chief operating officer at U.K. Wealth manager Brewin Dolphin. He also held a similar position at Coutts from 2012 to 2017, and worked for Barclays and McKinsey.
Q.What are Standard Chartered's growth targets for its private banking assets?
What are Standard Chartered's growth targets for its private banking assets?
Standard Chartered aims to increase its assets under management from the current $65 billion to approximately $100 billion. This expansion is targeted to occur within the next three to five years, supported by new hires.
Q.How will the leadership transition from Steve Atkinson to Grant Parkinson be managed?
How will the leadership transition from Steve Atkinson to Grant Parkinson be managed?
Steve Atkinson will work closely with Grant Parkinson over the next few weeks to ensure a smooth transition of leadership. Atkinson, who has been with the bank for three decades, is stepping down from his role.
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