StanChart names new head of global banking in Singapore

Ms Chow Wan Thonh, who used to head HSBC's global banking in Singapore, succeeds Mr Patrick Lee, who is now StanChart Singapore CEO.
Ms Chow Wan Thonh, who used to head HSBC's global banking in Singapore, succeeds Mr Patrick Lee, who is now StanChart Singapore CEO.

Standard Chartered Bank announced yesterday that it has hired Ms Chow Wan Thonh from rival HSBC as its head of global banking in Singapore.

She succeeds Mr Patrick Lee, following his promotion to chief executive officer of StanChart Singapore in July last year.

Ms Chow will be in charge of driving and implementing the bank's business strategy, while strengthening ties with its corporate and institutional clients in Singapore, the bank said in a press statement.

She headed HSBC's global banking in Singapore and also its corporates, financials and multinational banking for South-east Asia.

The Singaporean holds a bachelor's degree in business administration from the National University of Singapore. She has more than 25 years of experience in developing and executing business across transaction banking, capital markets and strategic advisory for corporate and institutional clients, said StanChart.

Based in Singapore, Ms Chow will report to Mr Bharat Padmanabhan, the regional head of global banking, Asean and South Asia, and Mr Lee. She will also join the bank's Singapore country management team.

In the statement, Mr Lee said: "Singapore is a core market for the bank. The country's value proposition as an international financial centre and a gateway to Asia continues to attract regional and global companies to the city state, using it as a base for regional expansion.

"Singapore corporates and institutions are also accelerating their outward investments in the region and further afield.

"With her in-depth knowledge of the client segment and solid track record in driving team performance, I am confident that Wan Thonh will lead our team in Singapore to deliver strong results and build sustainable value for our clients."

A version of this article appeared in the print edition of The Straits Times on February 14, 2019, with the headline 'StanChart names new head of global banking in S'pore'. Print Edition | Subscribe