Standard Chartered Private Bank has expanded its South Asia community (GSAC) team in Singapore with eight new hires.
Bringing over 15 years of wealth management experience, Murtaza Gilani has joined the emerging market-focused bank as managing director and team leader.
He was most recently senior vice president at DBS Private Bank, and has held other senior positions in the Samba Financial Group, and NIB Bank, previously an investee company of Temasek Holdings-owned Fullerton Financial Holdings.
Gilani has managed affluent and high-net-worth clients in Pakistan and the Middle East, including Dubai.
In his new position, he reports to Srinivas Siripurapu, the regional head of private banking for Asean and South Asia, and global head for GSAC.
Similarly, Hussain Poonawalla has also joined Standard Chartered as managing director and team leader, reporting to Siripurapu.
Poonawalla comes from DBS Private Bank, where his last held role was vice president and relationship manager. He managed clients across Singapore, Africa and the Middle East.
Standard Chartered has made four other relationship manager hires from DBS for the GSAC team.
Sujit Pillai and Richu Singh have been hired as executive directors, while Rahul Gopalakrishnan and Sonam Gupta have joined as directors.
Meanwhile, Rahul Chowdhury has been recruited from Credit Suisse He will serve as an executive director at Standard Chartered.
Furthermore, Kunal Mukherjee has been hired as a director from Bank of Singapore, where he worked for one-and-a-half years. He has worked for ANZ, HSBC and Citibank India in the past.
Standard Chartered’s GSAC division covers non-resident South Asian clients out of three booking centres – Singapore, Dubai and London.
The lender’s private banking unit, which manages close to $60 billion assets globally, last week announced that it had recorded losses before taxation of $5 million for the first six months of the year.