Appointment and role
Standard Chartered has appointed Raza Jafree as its global head of private client sales, a move tied to the bank's establishment of a new collaboration between its corporate and investment bank and its wealth and retail banking arm to serve single-family offices and ultra-high net worth clients.
Background and location
Jafree began his role on February 2 after leaving UBS and will be based in Hong Kong. The bank said he has nearly three decades of experience accumulated during tenures at Credit Suisse and UBS.
Reporting lines and remit
Within Standard Chartered, Jafree will lead a team formed under the partnership between the corporate and investment banking division and the wealth and retail banking business. His responsibilities sit at the intersection of those units, reflecting the bank's effort to coordinate coverage for very large private clients.
He will report to two senior executives: Sharad Desai, global head, sales and structuring, corporate and investment banking; and Raymond Ang, global head, private bank and affluent clients, who also serves as head of wealth and retail banking for Greater China and North Asia.
Strategic framing
The appointment accompanies the formal set-up of the partnership intended to target single-family offices and ultra-high net worth individuals. Standard Chartered presented the move as an organizational alignment to serve that client segment across its corporate and investment banking and wealth businesses.
What is known and what is not
The public details include Jafree's start date, prior employer, regional base, breadth of industry experience, the existence of a cross-divisional partnership, and the two senior executives to whom he will report. The announcement does not provide further detail on team size, specific financial targets, or a timeline for implementation of the partnership.
Note: The article presents the appointment, reporting structure, and the intended client focus. It does not include additional operational specifics or performance targets for the new arrangement.