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Wealth Management / On The Move
StanChart makes key private bank appointments
Vinay Gandhi, Foo Tian Ong add ‘wealth of experience’ to global affluent business
The Asset 20 Oct 2023
Vinay Gandhi
Vinay Gandhi

Standard Chartered has made numerous appointments to strengthen its private banking leadership team, key among them are those of Vinay Gandhi and Foo Tian Ong.

Vinay Gandhi is named as the bank’s global head of South Asian community and regional head of private banking for the Africa, Middle East and Europe region, effective January 1 2024. The bank’s private banking business in Singapore, it states, has witnessed robust growth under Gandhi’s leadership over the past two years. In this expanded role,  he will be responsible for, the bank says, “an increased mandate to spearhead one of our largest businesses that offers a significant growth opportunity”.

Foo Tian Ong is appointed as the bank’s private banking regional head of Southeast Asia and Singapore location head. Ong, who will be based in Singapore when he joins the bank in December, is a well-respected veteran private banker in this region.

He brings more than two decades of private banking experience, joining the bank from UBS where he was most recently business sector head for Thailand and the Philippines, and was also responsible for non-resident Indians and Vietnam. Before UBS, Tian Ong honed his banking career in corporate banking, institutional equities sales and research at leading financial institutions, with a special focus on the Thai market.

Last month, Mike Tan joined the bank as its global head, wealth planning and family advisory. Earlier this year, Fred Leung joined as the bank’s head of solutions partners, to lead the delivery of one-bank corporate solutions for ultra-high-net-worth clients globally. These appointments, the bank notes, “add to the senior bench strength of the private banking business, supporting its ambition to grow its affluent business”.

“These senior appointments, which are focused on Asean [Association of Southeast Asian Nations region], South Asia, Africa and the Middle East, and on the wealth planning and corporate solutions partners space, add a wealth of experience to our bank,” adds Raymond Ang, global head, private and affluent banking. “Their leadership will strengthen our proposition for clients and bolster our ambition to be a leading wealth manager across our footprint.”

 

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