Tsang is SC's chairperson for Greater China

Standard Chartered Bank China has appointed Katherine Tsang as Chairperson for Greater China.

In her new role, Katherine will help capture opportunities in Greater China with respect to trade flows, capital investment and talent development. Katherine will also continue to help deliver the Bank’s overarching strategy in China.

Katherine Tsang has been with Standard Chartered Bank since 1992, and was appointed CEO of Standard Chartered Bank in China in March 2005. Under her leadership, Standard Chartered China has grown significantly and achieved unprecedented financial performance. Katherine has also successfully implemented a series of key projects in China, which have not only established the Bank’s business in the country, but also helped to support the sustainable, long-term growth of the Chinese economy.

"I'm delighted that Katherine has been appointed as Chairperson for Greater China. This role highlights the importance of the Greater China region in delivering Standard Chartered's strategy to lead the way in Asia, Africa and the Middle East. Katherine will play an important role in leading the Greater China strategy for the Bank," said Jaspal Bindra, CEO, Asia, Standard Chartered Bank.

The Bank is also pleased to announce that Lim Cheng Teck will succeed Katherine as the new CEO and Executive Vice Chairman for Standard Chartered China.

Lim Cheng Teck, currently CEO of Standard Chartered in Singapore, has been with the Bank since 1988. In February 2001, Cheng Teck was based in China, where he was appointed Head of Global Corporates and was subsequently promoted to Head of Client Relationships in November 2001. In this role, he drove the Wholesale Banking business to new levels. In April 2005, he assumed the role of Chief Operating Officer, Standard Chartered Bank, China. He was appointed CEO of Standard Chartered in Singapore since March 2006.

Katherine and Cheng Teck will continue to report to Jaspal Bindra, CEO, Asia of Standard Chartered. Their appointments will take effect from 15 August 2009, subject to regulatory approval.

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