ASIA

Standard Chartered makes another statement hire in APAC

Bank continues to grow its Asia-Pacific custody team to tap into regional opportunities.

By John Bakie john.bakie@strategic-i.com September 12, 2017 9:52 AM GMT

Standard Chartered has appointed Deutsche Bank’s securities services head in Singapore, Ying-Ying Tan, to its rapidly growing Asia-Pacific custody team.

Under the leadership of Margaret Harwood-Jones, Standard Chartered has been actively adding experienced custody heads in the past 12 months to boost its business.

Tan joins as regional head, securities services, ASEAN & South Asia, brining 15 years of experience at Deutsche Bank to the role.

Her most recent role, was managing director, global head of product management and APAC head of global securities services.

At Standard Chartered, Tan will be based in Singapore and will be responsible for the securities services business across nine countries, overseeing sales, technology and operations, among other responsibilities.

“Securities Services is a people business and I am confident that Ying-Ying’s knowledge, expertise and track record in the region will deliver new value to our clients and to our teams,” said Harwood-Jones.

Standard Chartered created a new business line within its transaction banking department bringing together multiple teams into one segment in July 2016, and has since been on an aggressive recruitment drive.

The custodian hired HSBC’s direct custody expert, Ryan Cuthbertson, to lead its custody and clearing product management team in Singapore in July 2017.

In March 2017, Standard Chartered also hired James O’Sullivan from BNP Paribas Securities Services as head of securities services for Hong Kong.

HSBC’s former chief operating officer for securities services in APAC, Colin Brooks, joined up in January 2017 as vice chairman for its securities services business.