Standard Chartered Global Private Bank has hired Derek Too (pictured) as head of wealth planning and family advisory for Singapore.
He reports to Mike Tan, global head of wealth planning and family advisory, and previously worked at UBS, Societe Generale and HSBC.
“Intergenerational wealth transfer is increasingly a top of mind concern for many high net worth clients and their families. Having a dedicated wealth planning team who are well versed with the local governance structure and framework in Singapore will go a long way in supporting our clients,” said Tan.
“Our affluent new-to-bank clients and net-new-money have continued to trend upwards and this expanded talent pool will be instrumental in enhancing our capabilities,” said Foo Tian Ong, regional head of southeast Asia and Singapore location head.
“We are strategically well placed to capitalise on the tremendous growth opportunities in Singapore and the broader southeast Asia region. Our unified cross border wealth management advisory and one-bank approach of giving clients access to resources of a global bank, can help them grow, manage and preserve their wealth for generations.”
