BankBazaar Singapore – January 8, 2018
SINGAPORE: Global banking major Standard Chartered Bank has appointed veteran banker Andrew Au as Regional Head, Global Banking for Greater China and North Asia. The appointment will become effective from 29 January 2018. The bank informed this to the stakeholders concerned and the general public through a press release dated 3 January 2018.
Au will be based in Hong Kong and will be reporting to Paul Skelton, Global Head for the Global Banking division of Standard Chartered Bank. He will be overseeing the Global Banking vertical across North Asia and Greater China, two of the most important markets for the London-headquartered multinational bank.
Standard Chartered has been driving trade, innovation and investment in some of the most dynamic markets in the world for almost 150 years. Its portfolio in Singapore includes personal loans, home loans, credit cards, and investment and insurance products.
Industry mavens believe that Standard Chartered Bank has managed to snap up a big fish. Andrew Au comes equipped with more than three decades of experience in the industry and experience of holding key portfolios and positions in Citi, a direct competitor of Standard Chartered Bank in the region.
Prior to his appointment as the Regional Head, Global Banking, North Asia and Greater China for Standard Chartered, Au was CEO, China for Citi. He was working from Shanghai, China. He has experience of serving as the Regional Head of Commercial Banking, Asia Pacific region, too. During various stages of his career, he has handled or worked closely with strategic portfolios like product, coverage and risk. He also has experience of dealing with country and regional markets in key managerial positions.
Paul Skelton, Au’s boss, feels that he will bring a wealth of knowledge and experience to the new team. He believes that Au’s profound understanding of corporate and institutional banking and his experience of working in leadership positions across multiple geographies mean that he’ll add great value to the team.
According to the press release, Benjamin Hung, Regional CEO for Greater China and North Asia, has welcomed Au to the team and hopes that Au’s expertise in the region will be an asset for the bank and will help it grow its strategic interests in the region.