StanChart PB’s Peter Tung on track for 30% RM headcount growth

Peter Tung, Standard Chartered Private Bank

Standard Chartered Private Bank is expanding its ultra high net worth (UHNW) platform, with Greater China relationship manager (RM) headcount on track to rise by 25% to 30% this year. Peter Tung told Asian Private Banker that a counter-cyclical hiring strategy initiated during the 2022 market downturn has helped the bank attract talent from rival institutions as it seeks to…

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