Lim Cheng Teck to head Asean at StanChart

The 26-year veteran will be responsible for a region that produced nearly a quarter of the bank’s total income in 2013.

Standard Chartered has appointed Lim Cheng Teck as its chief executive for the Asean region as part of a reorganization of the bank that began in January after a disappointing 2013.

Cheng Teck, a 26-year veteran at StanChart, will be based in Singapore and assume responsibility for a region that produced nearly a quarter of the emerging market bank’s total income in 2013.

He will report to Jaspal Bindra, StanChart's group executive director and CEO Asia. The move is effective from May 1.

“Asean has immense opportunities, with its 600 million-strong population and steady economic growth it has significant potential for...

¬ Haymarket Media Limited. All rights reserved.

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