Standard Chartered Private Bank’s managing director and head of client relationship management for the ASEAN region has exited, Asian Private Banker has learned.
David Koay has left his Singapore-based role after a decade on the job. He was responsible for covering the ASEAN markets includingu Malaysia, Thailand, Indochina as well as the non-resident Indians (NRIs).
A spokesperson from the bank declined to comment on Koay’s exit.
Koay held multiple positions during his tenure at Standard Chartered Bank across its investment and private banking divisions.
Initially, Koay held corporate and investment banking positions including deputy head of corporate banking Malaysia and head of wholesale banking for UAE. In 2011, he moved across to the private bank where he was also head of key clients solutions before taking on his most recent role.
Koay’s departure comes shortly after the British lender hired Michael Yong-Haron as a Hong Kong-based head of client management and managing director. He spent two years with RBC Wealth Management as a managing director and head of North Asia, based in Hong Kong.
Standard Chartered Private Bank is one among a number of private banks aggressively hiring this year. Vivian Chan recently joined as regional head, private banking, Greater China and North Asia, effective January 2017, and Srinivas Siripurapu was named regional head, private banking, ASEAN and South Asia and global head, non resident Indian (NRI).