The private banking group continues to announce appointments in its Asia business.

Standard Chartered Private Bank
Standard Chartered's Southeast Asia Private Banking business has added two bankers. Kapil Poply is joining as managing director and senior client partner in the Global South Asia Community (GSAC) division. Poply was most recently senior team head at UOB Private Bank. His focus has been on growing the UHNW/HNW segment. Poply brings considerable experience gained from senior roles in Singapore and India with ANZ, ING, UBS and Citi.

In a second hire, also moving from UOB, where he was a senior client advisor, Gaurav Gupta is joining as executive director and relationship manager. Prior to moving to Singapore, he worked for HSBC and ING in India and has also spent time at ANZ.

Both will be based in Singapore and report to Ravi Ramakrishnan, MD and market head for GSAC.

Their appointments follow that of Adeline Lai last week. 

As reported at the end of July, Standard Chartered said that its pre-tax profits fell by 40 per cent year-on-year to $733 million. Healthy inflows were more than offset by credit and other impairments that reached $653 million for the quarter, up from $195 million registered a year ago. The UK/Hong Kong-listed bank beat analysts forecasts in spite of the low-rates and economic-contractions stories that are dominating second quarter earnings among the biggest lenders.