This bank said the newly created global role combines the leadership of its private bank and wealth management product and advisory services, to create greater alignment, while ensuring that the wealth management group continues to support the strong focus on affluent customers within the retail bank.
This appointment is subject to regulatory approval.
Von Daeniken will report to Anna Marrs, chief executive of commercial & private banking, and be responsible for executing the bank’s new strategy to grow the two businesses and achieve targeted assets under management growth of $25bn (£16.6bn, €22.9bn) by 2018.
“He joins the bank at a dynamic time, as we prepare to invest significantly in 2016 and beyond, to strategically grow our private banking and wealth management businesses and enhance our technology and platform capability, to provide an even better service to our clients,” Marrs said.
Von Daeniken joins Standard Chartered from Barclays, where he led their private banking business for Asia Pacific, Middle East and Africa. While there he was responsible for the development and implementation of Barclays’ wealth and investment management growth strategy in these regions, from 2007.
Prior to this, von Daeniken spent his career at Credit Suisse and held senior positions in Zurich, Geneva, Dubai, Istanbul and Singapore.
Standard Chartered said as a result of the change, Michael Benz’s role as global head of private banking, falls away and he will leave the bank. His last working day will be 18 December.
