Standard Chartered appoints ASEAN CEO

Standard Chartered Bank announces the appointment of Lim Cheng Teck as the chief executive officer for its ASEAN markets. He reports to Jaspal Bindra, group executive director and CEO Asia, Standard Chartered PLC. The appointment is effective from May 1.

The bank says that to maximise opportunities in key growth regions, it has recently implemented a new structure of eight specific regions: ASEAN, Greater China, North East Asia, MENAP, South Asia, Africa, Europe and the Americas.

As CEO ASEAN, Cheng Teck will be responsible for delivering the refreshed and sharpened strategy to realise the growth and return aspirations for the Bank’s franchise and operations in ASEAN, comprising Singapore, Indonesia, Malaysia, Thailand, Philippines, Laos, Myanmar, Vietnam, Cambodia, Brunei and Australia.

Cheng Teck is a veteran banker with 26 years of experience in Standard Chartered. Previously he was CEO and executive vice chairman of Standard Chartered Bank (China) Limited. He led the China team to double revenue from 2009 to 2012, crossing USD1 billion for the first time and doubled its branch footprint in China. Before China, Cheng Teck was CEO of Standard Chartered Bank, Singapore.

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