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Standard Chartered Private Bank Loses Managing Director

By Sarah Chen
1 min read
102319704 standard chartered logo.1910x1000
102319704 standard chartered logo.1910×1000
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Standard Chartered has lost a managing director and senior private banker in Hong Kong.

Phoebe Chow has left Standard Chartered Private Bank, sources said after more than four years with the British lender.

When contacted, a spokesperson for the bank declined to comment on the exit.

Chow joined Standard Chartered Private Bank in 2017 to oversee various client markets including the Philippines and Taiwan. Previously, she was a Singapore-based team leader at Credit Suisse where she worked for more than eight years.

Standard Chartered’s private banking arm has effectively fallen under a new structure this year after it merged with retail banking and wealth management into a single consumer, private and business banking (CPBB) unit.

Standard Chartered Private Bank was under the watch of CPBB chief executive Judy Hsu after its former head Dider von Daeniken left last year until the recent replacement hire of ex-UBS banker Raymond Ang two months ago.

Questions & Answers

Q.

What was Phoebe Chow's role at Standard Chartered Private Bank?

A.

Phoebe Chow was a managing director and senior private banker at Standard Chartered. She joined in 2017 to oversee various client markets, including the Philippines and Taiwan, for the bank's private banking arm.

Q.

When did Standard Chartered's private banking arm undergo a structural change?

A.

Standard Chartered's private banking arm effectively fell under a new structure this year. It merged with retail banking and wealth management to form a single consumer, private and business banking (CPBB) unit.

Q.

Who is currently in charge of Standard Chartered's private banking operations?

A.

Raymond Ang, an ex-UBS banker, was hired two months ago as the replacement head for Standard Chartered Private Bank. This followed former head Didier von Daeniken's departure last year.

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