Skip to content
Subscriber Only

Standard Chartered Taps New Southeast Asia Private Bank Head Amid Review

  • South Asia private banking head Srinivas Siripurapu resigned
  • Private bank has worst morale of any division: staff survey
The Standard Chartered Plc logo is displayed on a glass panel at a bank branch in Singapore.

The Standard Chartered Plc logo is displayed on a glass panel at a bank branch in Singapore.

Photographer: Ore Huiying/Bloomberg

Standard Chartered Plc hired Cedric Lizin to head private banking for southeast and south Asia after executive Srinivas Siripurapu resigned.

The change in management comes at a sensitive time for the unit. Bloomberg News reported last month the private bank is in the process of reviewing all of its roughly 8,000 clients after finding it sometimes couldn’t explain the source of their wealth. Siripurapu didn’t return an e-mail seeking comment.