Standard Chartered has appointed Peter Tung as Regional Head, Private Banking, Greater China & North Asia (GCNA). Based in Hong Kong, Mr Tung is responsible for leading the team of relationship managers to grow Standard Chartered’s private banking business in the GCNA region.
He reports to Mary Huen, CEO, Hong Kong, and Raymond Ang, Global Head, Private & Affluent Clients. Peter Tung is also a member of the Hong Kong Management Committee.
Mr Tung is a seasoned private banker with close to 30 years of experience managing UHNW and family offices in Hong Kong and Mainland China. He honed his career building teams to grow the Private Wealth Management business in Morgan Stanley covering UHNW/family office clients, and championing the ‘Billionaire” coverage teams as the UHNW Region Head of Greater China in UBS.
Peter Tung joined Standard Chartered from DBS Hong Kong, where he was Head of Greater China Region Private Bank and Treasures Private Clients. He graduated with major in Economics from the University of California, Berkeley and further holds an MBA in Corporate Finance from the Columbia Business School.
Mary Huen, CEO, Hong Kong, Standard Chartered, said:
“The growing number of UHNW individuals in Asia, especially in the region, in the recent years has sparked a strong demand for premium private banking and wealth management services. As the largest international asset management hub in the region with robust financial infrastructure and proximity to Mainland China, Hong Kong is well positioned to help these clients manage portfolios and grow wealth. Peter’s deep knowledge of the business will help Standard Chartered seize this huge opportunity, while promoting Hong Kong as a major family office hub in Asia.”
