StanChart hires Chan in ultra high net worth push

UK bank hires Alison May Chan as managing director to focus on developing its ultra high net worth business in greater China, adding to recent hires.

Standard Chartered has appointed Alison May Chan as managing director, ultra high net worth solutions UHNW, private banking clients for Greater China.

The appointment took effect on January 12 and the role is a new one for the bank, reflecting its increasing focus on the UHNW segment.

In recent months, the UK-based emerging markets focused bank has been hiring within that segment, having appointed Rahul Raswant as executive director, UHNW private banking clients, and Richard Pattle as vice-chairman, private banking clients in the third quarter of 2014.

The high net worth segment has traditionally not been an area of strength for commercial...

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