Standard Chartered Private Bank has named Cedric Lizin as the new regional head of private banking for ASEAN & South Asia, replacing Srinivas Siripurapu.
Lizin will assume the new responsibility later this year and operate out of Singapore.
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Until that time, managing director and market head of private banking for South & Southeast Asia Andrew Ho will serve as the acting head.
The appointment of Lizin is pending regulatory approval.
In the new role, he will report to global head of private banking and wealth management Didier von Daeniken.
Lizin most recently served as the wealth management head and senior executive officer for Dubai at UBS.
Meanwhile, Siripurapu will step down on 8 October 2019 in order to spend time with his family.
Commenting on Siripurapu’s tenure, the bank said: “Having been with the Bank for three years, Srinivas has played a pivotal role in driving the turnaround and strategic growth agenda for the Private Bank in the region.
“His strengths in client relationships as well as leadership in enhancing frontline capability and embedding a performance culture have contributed significantly to the business.”
Standard Chartered Private Bank has onshore booking centres in Singapore, Hong Kong, Dubai, India, London, as well as Jersey. The business serves customers across Asia, Africa, Europe, and the Middle East.
