The longstanding veteran resigned from OCBC's private banking arm in April, after 11 years at the firm.

Standard Chartered has appointed Marc van de Walle as the global head of its wealth management business, with effect from 6 July 2020, taking over the role from Didier von Daeniken, the bank announced in a statement on Tuesday.

Van de Walle was most recently senior managing director and global head of products, Bank of Singapore, and was concurrently head of wealth management for OCBC. He has 25 years’ experience in wealth management and financial services, and before joining OCBC in 2009, was at ING Bank from 1993.

In his new role, also based in Singapore, he will report to Benjamin Hung, regional CEO Greater China & North Asia, CEO retail banking and wealth management.

Former Head to Focus on Private Banking

With the appointment, Von Daeniken, the current head of private banking and wealth management who has led both businesses since joining the bank in 2016, will solely focus on running the private banking business.

«Didier’s dedication to building the wealth management business has enabled the bank to grow its affluent business through supporting both the retail bank and private bank,» the bank said.