Standard Chartered Bank appoints Judy Hsu as Chief Executive Officer of its Singapore operations

Press Release

Standard Chartered Bank appoints Judy Hsu as Chief Executive Officer of its Singapore operations

7 September 2015 – Standard Chartered Bank (the Bank) today announced the official appointment of Judy Hsu as Chief Executive Officer (CEO) of the Bank in Singapore, effective 1 October 2015, subject to regulatory approval. She will be based in Singapore and reporting to Ajay Kanwal, Regional CEO, ASEAN and South Asia¹.

Judy has a career spanning over 25 years in the financial industry, and extensive experience for the last 16 years in Wealth Management, Retail Banking and Private Bank. She joined Standard Chartered in 2009 and her most recent position is Group Head, Wealth Management for which she will remain responsible over a transitional period.

In her role as CEO for the Bank in Singapore, Judy will be responsible for developing and executing the strategy for the business; building relationships with local clients and businesses; bottom-line profitability and capital; and relationships with local regulators and stakeholders.

Neeraj Swaroop, current CEO of the Singapore business will be leaving the Bank to pursue other opportunities. The Bank would like to thank him for his leadership and contributions in his 10 years with Standard Chartered.

¹Bank Group Chief Executive, Bill Winters announced in July 2015 a new regional structure that will take effect from 1 October 2015. One of the four newly created regions, ASEAN and South Asia will be led by Ajay Kanwal.

The Bank’s business in Singapore, similar to Singapore’s role as a financial centre, has embarked on its next phase of development to maintain its dynamism and cutting edge. It will be driven by a greater emphasis on: leveraging new technologies; maximising Singapore’s regional treasury centre status and wealth management hub; tapping on emerging trade flows and harnessing our cross border expertise as it helps clients fulfill their regional ambitions; and by establishing the Bank as an employer who grooms and builds a world-class pool of financial talent.

Ajay Kanwal, Regional CEO, ASEAN and South Asia, Standard Chartered Bank said:
“We remain highly committed to Singapore, which has been a core market for Standard Chartered; where many of our global teams are based; and is a strong talent base for our business. Singapore will also be our operational and strategic hub for our newly created region, ASEAN and South Asia.

The appointment of Judy as the CEO of the Singapore business further highlights our focus on leveraging Singapore as an international financial centre and as a gateway to Asia. Having spent more than two decades in Singapore, she is deeply rooted here and extremely committed to this market. With Judy’s added benefit of managing global and regional businesses, and nurturing high-performing teams, we are confident that she will effectively lead the team in Singapore and strengthen our business for our next phase of growth.”