The bank has announced top-level changes at its private bank for the ASEAN & South Asia region and for its NRI business.

Standard Chartered today said it has appointed former senior Barclays manager Srinivas (“Srini”) Siripurapu as regional head, private banking, ASEAN & South Asia and as global head, non-resident Indian clients.

Siripurapu takes over the regional leadership for ASA from Peter Kok, whose role is now combined within the former’s expanded remit, the UK-listed bank said in a statement today. Kok was most recently the MD and regional market manager at UBS, where he led the wealth management business in Singapore and Malaysia, as well as the external asset management in Singapore and Hong Kong. Asked about Kok's departure, a spokesperson told this publication: "Peter’s departure is the result of a decision to expand his role to double that as regional head of ASA and global head of NRI - which Srini will be taking on."

Based in Singapore, Siripurapu will report to Didier von Daeniken, global head, private banking and wealth management, it said.

He brings more than 30 years of financial services expertise across investment and private banking. He was most recently head of Southeast Asia, Global South Asian Community and Africa Offshore at Barclays, and prior to that, also held leadership positions at UBS in Singapore and ABN Amro in India.

In his new role, Siripurapu will work with the wealth management segment as well as the country management teams to further grow the private banking franchise.