Shayne Nelson has been appointed to succeed Peter Flavel as the new head global head of The Standard Chartered Private Bank.

Shayne Nelson is to succeed Peter Flavel as global head of The Standard Chartered Private Bank, following the latter’s appointment to a new position within the group.

Flavel is to take up the role of global head, personal banking in July, after which Nelson, currently regional chief executive, Middle East & North Africa and CEO for Standard Chartered UAE, will take over at the helm of the private bank.

Standard Chartered said in a statement that Flavel’s new appointment reflects the strong growth momentum that he has built for the private bank since its launch three years ago, both through acquisitions and organic growth. In his new role overseeing personal banking Flavel is charged with improving the customer value proposition and the profitability of the division, which the bank said accounts for 50 per cent of the revenues of the consumer banking segment.

As with many private banks that sit within integrated banking groups, The Standard Chartered Private Bank is understood to derive a significant proportion of its leads from the group’s retail and corporate arms, with entrepreneurs being a key segment. It therefore follows that in his new role Flavel will be well-placed to continue to drive new business to the private bank.

On taking up his new role Flavel will relocate to Hong Kong, continuing to report to Steve Bertamini, group executive director and CEO of consumer banking.

As MENA CEO Nelson is currently based in the UAE, responsible for the group’s business strategies and overall corporate governance for the region. He was appointed chairman of the bank’s Islamic banking board and chairman for Standard Chartered Bank Pakistan in 2007, and subsequently in 2008 became a director of Scope International, a wholly-owned subsidiary providing global shared services in Malaysia and India.

Nelson has been with the Standard Chartered group since 1997, and since joining as regional head of audit, corporate and institutional banking covering Asia Pacific and India he has held a variety of senior roles, including that of CEO and managing director for Standard Chartered Bank Malaysia Berhad.

Nelson, who is also due to take up his new role in July, subject to the necessary regulatory approvals, will relocate to Singapore and will also report to Bertamini.