Asia warming to mutual funds, says StanChart Private Bank

Its new global head, Shayne Nelson, and newly named head of the West region, Stephen Richards Evans, talk about changes they see in the private wealth market following an internal reshuffle.

Having built up assets under management of $42 billion in its three-and-a-half years of existence, Standard Chartered Private Bank SCPB is re-aligning its organisational structure.

Rajesh Malkani, regional head of Southeast Asia, will become head of the East region, comprising Southeast and Northeast Asia. Stephen Richards Evans, regional head of Northeast Asia, has been appointed to head the West region, comprising India, the Middle East, Africa, Europe and the Americas. 

Evans will relocate from Hong Kong to Dubai for his new role, and Malkani will remain in Singapore.

The current head of Europe, the Middle East and Africa is Marianne Hay, who is leaving for personal reasons, having been in that...

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