Her appointment is effective January 2017.
She will be based in Hong Kong and report to Didier von Daeniken, global head of private banking and wealth management.
In her new role, Chan will be responsible for leading the private banking team and growing the business in the Greater China and North Asia region, with a strategic focus on the Hong Kong market as a core global wealth hub, the bank said.
Chan has 30 years of experience and expertise in building businesses and managing ultra high net worth client relationships.
She joins Standard Chartered from Barclays, where she was the firm’s private banking regional head for North Asia. Prior to this, she held senior leadership roles at Credit Suisse and Citibank.
“Chan’s proven track record in understanding UHNW client needs and her ability to build enduring relationships with them will be a real asset,” von Daeniken said.
Chan will take over from Desmond Liu, who has led the private banking business regionally since 2012.
Liu will retire from the bank at the end of 2016, after spending 30 years in private banking.