People Digest: HSBC appoints Indonesia chief, StanChart names SG CEO

StanChart
A pedestrian walks past the Standard Chartered Bank building in Hong Kong, China, on Monday, Feb. 13, 2017. Photographer: Anthony Kwan/Bloomberg

HSBC Private Banking has named Benedikt Maissen as its market head for Indonesia while Standard Chartered has appointed Patrick Lee as its CEO in Singapore.

HSBC appoints Indonesia chief

HSBC Private Banking has named Benedikt Maissen as Market Head for Indonesia. He will be responsible for business development and client engagement, according to the bank’s announcement on July 9.

Maissen, who has over 39 years of experience in private banking across Southeast Asia and international market, was the leader of the Southeast Asia region for an international private bank.

Based in Singapore, he will report directly to Philip Kunz, Head of Southeast Asia, HSBC Private Banking.

The appointment follows HSBC’s globally announced plans to invest in and accelerate the growth of its Asian wealth business. HSBC Singapore is another of the eight markets identified for a strategic refresh by the bank.

“Asia now has more high net worth individuals than any other part of the world. As one of the region’s largest private banks, we are well positioned to bring in more of these flows,” said Kunz.

Standard Chartered names new CEO for Singapore

Standard Chartered named Patrick Lee as its head in Singapore, following the sudden exit earlier this year of its high-profile executive Anna Marrs, according to a statement dated July 9.

Lee, who has over 25 years of experience in the industry across corporate and investment banking, will take over the role from Judy Hsu, who is currently Standard Chartered’s CEO for Singapore and ASEAN.

Based in Singapore, he will report to Hsu and will remain head of global banking in Singapore until a successor is announced.

Patrick Lee has been co-head of wholesale banking for Singapore and head of origination and client coverage for Singapore at StanChart since September 2012.

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