Standard Chartered PLC today announced key appointments in its updated organisation structure.

The Group announced an updated organisation structure on September 10, which is set to expand its network business and create a leaner organisation. The Group today unveiled the structure and key roles under the new Consumer, Private and Business Banking (CPBB) business and Asia region, as well as a key appointment in the Europe and Americas region.

In addition to assuming leadership of the Group’s Europe and Americas (EA) region as CEO, Europe and Americas, Torry Berntsen will become CEO, Europe and UK, and relocate to the UK. Steve Cranwell will succeed Torry Berntsen as CEO, Americas, and will report to him.

Torry Berntsen has over 35 years of banking and financial services experience. He was most recently the President and a Director of Independent Bank Group (IBG), where he was involved in all aspects of the Company’s operations, including spearheading its investor relations efforts as well as managing all of its financial institutions relationships and partnerships.

Prior to IBG, he spent 25 years in various senior management roles at BNY Mellon. His last position in BNY Mellon was Senior Executive Vice President, Sector Head, Global Client Management where he was responsible for leading the relationship efforts with financial institutions, corporate, government, not-for-profit and real estate clients worldwide.

Standard Chartered’s CPBB business, to be led by Judy Hsu, currently Regional CEO, ASEAN & South Asia (ASA), brings together the Group’s current Retail Banking, Private Banking and Wealth Management operations. This combined business will grow the Group’s affluent client base, further develop innovative digital banking solutions for mass-market and small businesses, and deliver further efficiencies.

CPBB will be organised around two client groups and two regions:

• Vishu Ramachandran will lead Personal and Business Banking.
• Judy Hsu will lead Private and Priority Banking until a permanent appointment is made.
• Samir Subberwal will lead CPBB for the Asia region.
• Kariuki Ngari will lead CPBB for Africa, Middle East and Europe, in addition to his CEO Kenya and East Africa responsibilities, until a permanent appointment is made.
• Rosalind Ng will lead Client Experience and Strategic Business Enablement.

Wealth Management will continue to be led by Marc Van de Walle. Vishu, Samir, Kariuki Rosalind and Marc, will be members of Judy’s CPBB Management Team.

The Group’s new combined Asia region – to be led by Ben Hung, currently Regional CEO, Greater China & North Asia – brings together the Group’s ASEAN and South Asia (ASA), and Greater China and North Asia (GCNA) regions. The new region will cluster together key markets to allow the Group to more effectively service clients across the increasing trade, capital and investment flows both within Asia, and between Asia and the world, pursue strategic opportunities in China’s Greater Bay Area, and capitalise on the wealth and business opportunities ASEAN and South Asia present.

The cluster market CEOs are:

• Jerry Zhang, Cluster CEO, China & Japan.
• Mary Huen, Cluster CEO, Hong Kong, Taiwan & Macau.
• Zarin Daruwala, Cluster CEO, India & South Asia Markets (Bangladesh, Nepal & Sri Lanka).
• Andrew Chia, Cluster CEO, Indonesia and ASEAN Markets (Australia, Brunei & the Philippines).
• Patrick Lee, Cluster CEO, Singapore and ASEAN Markets (Malaysia, Vietnam, Thailand & Rep Offices).
• Park Jong Bok, CEO, Korea.
• Anthony Lin, CEO, Greater Bay Area.

The Cluster CEOs will form part of Ben’s Asia Management Team (AMT). Joining the AMT to forge greater business and network synergies are Samir Subberwal, Paul Skelton, Global Head, Client Coverage, Commercial, Corporate & Institutional Banking, and John Tan, Global Head, Financial Markets Regions.

All appointments are effective from January 1, 2021.