Four top StanChart private bankers leave

Business | 13 Mar 2019 3:33 pm

At lest four senior Asia-based bankers of Standard Chartered plc have left its private banking unit in recent months, three people with direct knowledge of the matter said, amid growing earnings pressure at the business.

Reuters reports that among those who left the London-headquartered bank in the past six months include Teddy Kwong, managing director and market head for Hong Kong, and Peter Lam, managing director and team leader for Hong Kong, said the people.

Both Hong Kong-based Kwong and Lam joined StanChart in the first half of 2017 from the regional private banking unit of rival HSBC Holdings plc. It was not immediately clear where the two are headed.

Ray Li, StanChart private banking managing director and head of relationship management, has also left after having worked at the bank for more than a decade, said the people and according to his LinkedIn profile.

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