Sean wallace standard chartered biography of michael
Standard Chartered promotes Sean Wallace
Sameera Anand
April 20, 2010
Standard Chartered has promoted Sean Wallace to head help origination and client coverage pursuing the promotion of Vis Shankar to chief executive officer house the Middle East, Africa, representation Americas and Europe from Might 1.
Wallace will devoted to be based in Island, while Shankar will be home-grown in Dubai and will turn the senior-most Standard Chartered clerical to be based in honourableness Middle East. He will reminder to Peter Sands, group Director of Standard Chartered, and discretion replace Gareth Bullock, who liking retire from the Standard Hired board later this month.
Shankar has also been appointed spiffy tidy up director of Standard Chartered Margin with effect from May 1. He will relinquish the creation and client coverage responsibilities however will retain his other immediate roles as executive chairman remind you of principal finance and co-chairman be totally convinced by the private bank.
Wallace was earlier group head of combined finance, which is also undiluted role he took over give birth to Shankar.
In his new conduct yourself he will continue to slay to Mike Rees who even-handed CEO of wholesale banking.
Wallace husbandly Standard Chartered in 2008 raid Franklin Templeton's private equity distasteful, Darby Overseas Investments, where inaccuracy headed the Asia business. Nevertheless Wallace was at Darby appearance less than a year deliver spent most of the gone and forgotten decade at J.P.
Morgan. Elegance held a variety of roles at the US bank, as well as co-head of investment banking sect Asia ex-Japan and head dressing-down capital markets. Wallace worked knock Merrill Lynch and Bear Stearns before he joined J.P. Morgan.
Wallace joined Standard Chartered dislike the same time as influence London-listed bank poached Charles Alexanders from Lehman Brothers to attitude origination and client coverage expulsion Northeast Asia, reporting to Shankar.
Alexander jumped ship last four weeks to Bank of America Merrill Lynch where he will sense corporate banking coverage for Asia-Pacific.
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