Standard Chartered HK names new head of consumer, private and business banking

Standard Chartered Hong Kong has appointed Stephen Man (pictured) to be head of consumer, private and business banking (CPBB), succeeding Lay Choo Ong, who will be moving back to Singapore and take on the role of global head, client engagement strategy, wealth management. Both appointments take effect immediately.

Man has held various senior leadership roles in CPBB Hong Kong across affluent segment, deposit, mortgages and wealth management. He will report to Mary Huen, CEO of Standard Chartered Hong Kong and Samir Subberwal, head of CPBB Asia and global head of digital business.

Prior to his new role, Man was the deputy head of CPBB Hong Kong and had been instrumental in driving the bank’s affluent business agenda, transforming branch model to deliver top quality advice to clients, including the launch of the wealth management centre and Guangdong-Hong Kong-Macao Greater Bay Area (GBA) banking centre to capture the opportunities in the area.

MARKETING-INTERACTIVE has reached out to Standard Chartered for more information. 

According to his LinkedIn, Man had been managing director , head of wealth management at Standard Chartered Hong Kong for over 21 years back in December 1997. After that , he was executive general manager private banking and wealth management at China CITIC Bank International. He re-joined Standard Chartered in August 2021.

Commenting on the appointment, Mary Huen, CEO, Hong Kong, Standard Chartered, said, “Hong Kong is one of the group’s most important markets. As an international financial centre and super-connector bridging the mainland and the global markets, Hong Kong has its uniqueness to play a strategic role. I believe Man’s extensive experience in retail banking will lead the CPBB business in Hong Kong to reach new heights and contribute to the ongoing success of the franchise as Hong Kong reopens and moving along the path to normalcy.”

“Man’s solid track record and leadership will help to drive CPBB’s strategic priorities, as we focus on further strengthening our leading position in affluent and wealth management, accelerating digitalisation of our services and client acquisition through partnership. Building on our strong foundation and network in Asia, we will continue to provide innovative banking solutions that meet the needs of our client segments and grasp the opportunities arising from the financial development in GBA,” said Subberwal.

Meanwhile, Lay Choo Ong is appointed to be global head, client engagement strategy, wealth management. She will be moving back to Singapore. In her new role, she will lead key strategic initiatives across the wealth management footprint, which include accelerating the front-end adoption and monetisation of Wealth Management’s digital investments, spearheading the use of data and analytics to deepen wealth penetration, and optimising wealth sales and service model.

Ong assumed her position as head of CPBB Hong Kong in 2020 and successfully drove the launch of priority private and digital transformation of sales and service, delivered resilient performance amidst the challenging external environment.

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