Standard Chartered Bank has appointed Benjamin Hung Pi Cheng, the bank's chief executive for China and North Asia, as its new chief executive of retail banking globally, which marks another big move in this bank's senior management reshuffle.
Hung, hailing from Hong Kong, is the first ethnically Chinese person to serve in an executive management role in the UK-based lender.
He will take on Karen Fawcett's responsibilities for the retail banking center on November 30.
Following the appointment, Hung's responsibility will expand to the bank's retailing business, spanning from ASEAN countries, South Asia, Africa, to the Middle East, in addition to his current duties.
Fawcett, the bank's current CEO of retail banking and group head of brand and marketing, will retire on December 31.