Published by WealthBriefing Asia – 21st January 2015
Standard Chartered has appointed Alison May Chan as managing director, UHNW Solutions, private banking clients, Greater China. The appointment was effective from 12 January.
Based in Hong Kong, Chan is part of the global UHNW team and will focus on developing the business in Greater China. She will report to Stephen Richards Evans, who is global Head, UHNW, privateStandard Chartered has appointed Alison May Chan as managing director, UHNW Solutions, private banking clients, Greater China. The appointment was effective from 12 January. banking clients and reports locally to Desmond Liu, head of private banking clients, Greater China.
Asia’s UHNW population and wealth is predicted to become the largest in the world in the next 20 years. Across Greater China, the UHNW segment currently represents a $2.4 trillion AuM (assets under management) market, up 5.8 per cent year-on-year.
From 2011-2013, Chan was the managing director at Merrill Lynch Wealth Management in Asia responsible for the development of UHNW service offerings with business partners and external service providers. More recently, she joined the Standard Chartered from Julius Baer (which acquired Merrill Lynch’s international wealth arm) where she was head of North Asia business management, leading a team in the development and execution of a North Asia strategy and initiatives. Prior to Merrill Lynch, Alison spent five years with UBS Wealth Management as managing director, where she founded the corporate advisory business in North Asia in 2005.
This appointment reinforces Standard Chartered’s sharpened focus on the UHNW segment and follows the appointments of Rahul Raswant as executive director, UHNW private banking clients, and Richard Pattle as vice chairman, private banking clients in the third quarter of 2014.
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