StanChart hires Benz to head private bank

Former Julius Baer and BoA Merrill private banker Michael Benz is set to join Standard Chartered.

Standard Chartered has hired Michael Benz as group head of private banking, filling a position that has been vacant since Shayne Nelson left in August last year.

Benz has a long track record in wealth management in Asia. He was most recently at Julius Baer, as the designated chairman for Asia after joining the bank in 2013 through its acquisition of Bank of America Merrill Lynch’s private banking business, where he had been chief executive for wealth management in Hong Kong, Singapore, Taiwan, California, India and Japan since 2010. Before that he spent 13 years at UBS, most recently as Asia-Pacific head of...

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