Sean Wallace has been appointed the new group head of corporate finance at Standard Chartered. He takes over from Vis Shankar who will now focus on his roles as group head of origination and client coverage and chairman of principal finance and private banking.

Mr Wallace joins from Franklin Templeton’s private equity arm Darby Overseas Investments, where he was head of their Asian operations. Prior to Franklin Templeton, he held senior positions at JPMorgan and Merrill Lynch.

He will be a member of the wholesale banking management group, reporting directly to Mike Rees, chief executive officer of wholesale banking.