23 February 2019

Standard Chartered names Greater China chief, WSJ says

Standard Chartered Plc. has expanded the role of its Hong Kong chief executive, Benjamin Hung, to include oversight of the bank’s Greater China operations, the Wall Street Journal reported Tuesday. In 2013, the bank unveiled a top-level revamp to stem a slide in its share price and put a floor under declining profit. Those changes included the creation of a Greater China region within the bank. Hung, who has been running the Hong Kong business for six years, will also oversee the lender’s mainland China and Taiwan operations. He will continue to report to Jaspal Bindra, chief executive for Asia, the report said.

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