She will succeed Patrick Lee as its head of global banking, Singapore, following his promotion to CEO of its Singapore franchise in July 2018.

Standard Chartered Bank has hired Chow Wan Thonh from rival HSBC to succeed Patrick Lee as its head of global banking, Singapore, the bank announced in a statement on Wednesday.

Chow, who was previously headed global banking at HSBC and led its corporates, financials, and multinational banking for Southeast Asia, will be in charge of driving and implementing the Standard Chartered's business strategy, while strengthening ties with its corporate and institutional clients in Singapore.

«Singapore is a core market for the bank. The country's value proposition as an international financial centre and a gateway to Asia continues to attract regional and global companies to the city-state, using it as a base for regional expansion. Singapore corporates and institutions are also accelerating their outward investments in the region and further afield,» Lee said about the appointment.

Chow has over 25 years of experience in developing and executing business across transaction banking, capital markets and strategic advisory for corporate and institutional clients. Based in Singapore, she will report to regional head of global banking, Asean and South Asia, Bharat Padmanabhan and Lee. She will also join the bank’s Singapore country management team, Standard Chartered said.