StanChart taps veteran ex-Citi banker for China push

Andrew Au resurfaces at Standard Chartered after his retirement.

Standard Chartered has named a veteran China banker to helm its global banking business for clients in Greater China and North Asia, as the Asia-focused bank seeks to boost its revenues across the region.

Andrew Au, a Hongkonger, has been appointed as Standard Chartered's regional head of global banking for Greater China and North Asia, the bank said in a statement on Wednesday. The role will encompass commercial, corporate and institutional businesses, the company said.

Au will take up his new post on January 29 and be based in Hong Kong. He will report to Singapore-based Paul Skelton, the global head of the unit.

The appointment of Au comes four months after the bank hired Chang-po Yang, a veteran Goldman banker, as a vice-chair of its corporate and institutional banking unit for Greater China and North Asia.

With a 32-year career with Citi until June 2016, Au was most recently the country head for China at the US bank. He was named the bank’s China chairman and CEO in 2008 after previously working as Asia head of Citi’s commercial bank for three years.

“Andrew will be leading one of our most important regions in the context of corporate and institutional banking strategy,” Skelton said in the statement.

Benjamin Hung, regional chief executive for Greater China and North Asia, added: “I know that with Andrew’s deep expertise in the region, we will be able to take our strategic growth initiatives including renminbi internationalisation and Belt and Road to new levels.”

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