The new hire fills the position of deputy market head for StanChart's private banking business, for the ASEAN and South Asia region.

Lawrence Goh has joined Standard Chartered Private Bank as managing director, deputy market head for its private banking business, for the ASEAN and South Asia region.

Based in Singapore, Goh reports to Cedric Lizin, regional head, private banking ASEAN and South Asia, and global head of global South Asian community.

With more than 20 years in financial services, and 15 years in private wealth management in the ASEAN region, Goh was formerly at Bank of Singapore for 12 years. His stint at BoS included six years as team head for the Malaysia/Singapore markets, and otherwise as a senior private banker in the Singapore, Malaysia and International team.

Goh started his tenure in private wealth in investment consulting with Citi Private Bank covering ultra-high net worth individuals and families in the Singapore, Malaysia, Brunei and Australasia. Goh graduated from Monash University with a first-class honours degree specialising in banking and finance and earned the right to use the Chartered Alternative Investment Analyst designation (CAIA) in 2007.

Earlier in August, Standard Chartered said that consumer, private and business banking pre-tax profit for the six months to 30 June surged by 42 per cent year-on-year to $1.821 billion. For the UK-listed banking group, underlying pre-tax profit was $2.682 billion, rising by 37 per cent. Standard Chartered's Asia region accounted for by far the largest chunk of underlying pre-tax profit, at $2.239 billion (up 41 per cent), followed by Africa and the Middle East at $475 million (up 90 per cent), and Europe and the Americas at $337 million (down 5 per cent).