Standard Chartered has appointed Enoch Tan as managing director and regional head of the division responsible for ultra high net worth individuals in the Asean region, a new role for the bank.
Tan’s appointment adds to firm’s hiring within the ultra high net worth segment, a business line catering to clients with $30 million in assets excluding leverage with the bank.
The ultra high net segment is growing faster in the Asia-Pacific region than anywhere else in the world.
According to a RBC Wealth Management and Capgemini report this year, the Asia Pacific region experienced a 16.5% expansion in ultra high net worth wealth...
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