StanChart hires Tan to head Asean ultra HNWI

Standard Chartered appoints Enoch Tan as head of ultra high net business for Asean as Asia becomes home to the world's fastest growing population of super rich.

Standard Chartered has appointed Enoch Tan as managing director and regional head of the division responsible for ultra high net worth individuals in the Asean region, a new role for the bank.

Tan’s appointment adds to firm’s hiring within the ultra high net worth segment, a business line catering to clients with $30 million in assets excluding leverage with the bank.

The ultra high net segment is growing faster in the Asia-Pacific region than anywhere else in the world.

According to a RBC Wealth Management and Capgemini report this year, the Asia Pacific region experienced a 16.5% expansion in ultra high net worth wealth...

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