The new head of the wealth business for the country has worked at the bank since 2000.

Standard Chartered has appointed long-standing senior figure Sachin Bhambani as head of wealth management for South Korea, subject to regulatory approvals.

Based in Singapore as life insurance group head, Bhambani will relocate to Seoul, South Korea in May.

Bhambani will report to Hojune Ryan Chang, head of consumer, private and business banking head, South Korea and Marc Van de Walle, global head, wealth management.

Bhambani joined Standard Chartered in India in 2000, serving in leadership roles across segment management, branch banking, cash equities, bancassurance, managed investments and wealth lending before relocating to Thailand as head of wealth management. He then moved to Singapore to join the group wealth management team in 2017 as group head of non-life insurance before subsequently becoming group head of life insurance from 2020. 

A few days before, the UK-listed bank appointed named former Citigroup figure Alson Ho as head of wealth management in Hong Kong. In February, it named a raft of senior figures across its Asia business.