Nov 11 (Reuters) – Standard Chartered (STAN.L), opens new tab said on Tuesday it has appointed Jim Wang as the chief executive officer of its China Securities unit.
Wang will be replacing Grace Geng, the unit’s first head, who left the firm earlier in July after a 16-month stint, according to two sources with knowledge of the matter.
Wang brings over two decades of experience spanning securities, asset management, and banking, and has served in senior management roles at several leading financial institutions, the Asia-focused lender said.
Standard Chartered Securities (China) Ltd is the lender’s onshore securities firm, opens new tab that provides licensed securities services to domestic and overseas clients.
The Beijing-based unit was granted a license to operate in December 2023, opens new tab, becoming the first newly established wholly foreign-owned securities company after China lifted its foreign ownership restrictions for financial institutions in the onshore market in 2020.
Source: Reuters