Standard Chartered promotes Sean Wallace
Sameera Anand
April 20,
Standard Chartered has promoted Sean Wallace to head of origination and client coverage following the promotion of Vis Shankar to chief executive officer for the Middle East, Africa, the Americas and Europe from May 1.
Wallace will continue to be based in Singapore, while Shankar will be based in Dubai and will become the senior-most Standard Chartered executive to be based in the Middle East. He will report to Peter Sands, group CEO of Standard Chartered, and will replace Gareth Bullock, who will retire from the Standard Chartered board later this month. Shankar has also been appointed a director of Standard Chartered Bank with effect from May 1. He will relinquish the origination and client coverage responsibilities but will retain his other existing roles as executive chairman of principal finance and co-chairman of the private bank.
Wallace was earlier group head of corporate finance, which is also a role he took over from Shankar. In his new role he will continue to report to Mike Rees who is CEO of wholesale banking.
Wallace joined Standard Chartered in from Franklin Templeton's private equity arm,
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Standard Chartered strengthens corporate finance team
Sameera Anand
March 31,
Standard Chartered has hired Sean Wallace from Darby and Charles Alexander from Lehman and moved insiders Vis Shankar and Rahul Goswamy to new roles.Wallace will be group head of corporate finance taking over from Vis Shankar. Shankar will now focus on his roles as group head of origination and client coverage and chairman of principal finance and private banking. Wallace joins Standard Chartered from Franklin TempletonÆs private equity arm, Darby Overseas Investments, where he was head of their Asian operations.
Wallace has been with Darby for less than a year. At Darby, he was responsible for fund-raising to support the firmÆs existing mezzanine activities in Asia and was also involved in expanding its private equity and infrastructure investing.
Wallace was with JPMorgan for almost nine years, starting in the investment banking department in New York then moving to Hong Kong in to become co-head of investment banking for Asia ex-Japan and then head of capital markets from until he left in February Before he joined JPMorgan he also worked at Merrill Lynch and Bear Stearns.
At Standard Chart
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