Prior to Standard Chartered, the new wealth planning expert worked at Swiss private bank UBS, Société Générale Trust, and HSBC in Singapore, as well as tax consultancy firms in Singapore and Australia.

Standard Chartered Global Private Bank has just appointed Derek Too (pictured) as head of wealth planning and family advisory in Singapore, the firm said in a statement.

He will report to Mike Tan, global head of wealth planning and family advisory.

Too has over 15 years of wealth planning experience advising high net worth and ultra-high net worth individuals on succession planning. Prior to his new role, he worked at Swiss private bank UBS, Société Générale Trust and HSBC in Singapore. He also worked in tax and advisory at tax consultancy firms in Singapore and Australia, the firm continued.

“Intergenerational wealth transfer is increasingly a top-of-mind concern for many high net worth clients and their families. Having a dedicated wealth planning team who are well versed with the local governance structure and framework in Singapore will go a long way in supporting our clients,” Tan said.