Private Bankers Opt for Standard Chartered Over Bank of Singapore

Standard Chartered Hong Kong

Standard Chartered Hong Kong

Standard Chartered Private Bank recently announced senior hires to their Singapore unit with several coming out of Barclays Wealth to re-unite with their former boss Didier Von Daeniken.

At the time of the deal that saw Bank of Singapore acquire the Asian units of Barclays Wealth in April this year, there was strong speculation that many Barclays private bankers would move to Standard Chartered Private Bank (SCPB) to join their former boss.

Even this week there is strong speculation that as many as 17 bankers from Barclays China team have decided to move to SCPB.

Didier von Daeniken (pictured below) joined Standard Chartered (SCPB) as Global Head, Private Banking & Wealth Management in March 2016. He joined from Barclays, where he had led their Private Banking business for Asia Pacific, Middle East and Africa.

Singapore Defections

Didier D 510

Among senior ex-Barclays Wealth bankers who decided to re-connect with von Daeniken is Vishal Jain who joined SCPB after more than eight years at Barclays, where he was Managing Director and led a team of 40 RMs across the India Private Banking business. In July this year Srinivas Siripurapu another former Barclays Wealth banker joined SCPB to take responsibility for leading the Private Banking business and teams in the ASEAN & South Asia (ASA) region.

Hong Kong Next

Now according to a report from news agency Bloomberg as many as 10 relationship managers have decided to join their former Barclays boss and have opted to join SCPB instead of the acquirer of their business Bank of Singapore.

In July this year another senior ex-Barclays Wealth banker jumped ship in Hong Kong to SCPB. As reported at the time Vivian Chan joined to lead the business in Greater China and North Asia for SCPB. Chan was also a former Barclays banker, she had been Regional Head of North Asia, Private Banking.


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