Standard Chartered Bank has appointed Chandrima Das as global head of managed investments, subject to regulatory approval, according to a statement from the firm. Based in Singapore, Das is expected to assume her role next month.
Das will be responsible for building and growing the funds and discretionary portfolio management businesses. She will report to Marc Van De Walle, global head of wealth management.
As of this writing, it is not clear how Das’s role is different from Dany Dupasquier’s, who is the bank’s Singapore-based head of managed investments for wealth management. A spokeswoman for the bank said Dupasquier will be reporting to Das.
Das’s appointment also follows the departure of Jason Yeung in December, who has been head of managed investments for private banking in Hong Kong.
The spokeswoman noted that Das’s remit covers across the bank’s retail and private banking businesses. Das’s hire just comes after Standard Chartered in January combined its retail, private banking and wealth management businesses into one segment.
Das founded robo-advisory platform Bento in 2016, which was acquired by Grab in February last year. After the acquisition, Das became the head of Grab’s wealth management arm Grab Invest, but the relationship did not last long. In February, Grab announced that Das has left the firm. Before Bento, Das was Bank of Singapore’s head of fund selection.
Das said in the statement that she will be charting a “tech-led path for management investments” at Standard Chartered to “win in the affluent segment”.
“In the past five years, the shift to digital across industries has been exhilarating and this shift is permanent. With the 2020’s looking set to be the decade of the consumer, innovation is imminent,” she said.