Standard Chartered, a global banking institution, has announced the appointment of Mike Tan as Global Head of Wealth Planning and Family Advisory, with effect from September 25, 2023.

Based in Singapore, he will oversee global operations under the direction of Raymond Ang, Global Chief Executive of Private and Affluent Banking, as per the announcement on September 11, 2023. 

Welcoming Tan in his new role, Ang stated, “Wealth planning and family advisory is an integral part of our proposition as a trusted advisor for our clients and it enhances our offering to serve the banking and wealth needs of ultra-high net worth individuals, families and family offices across our network. I look forward to welcoming Mike to the Bank as we lift our wealth planning and family advisory business to the next level and consolidate our position as one of the largest international wealth managers.”

Having left the legal profession in 2003 to pursue a career in banking, Tan brings over 20 years of expertise in wealth and succession planning, family office management, family governance, and philanthropy advisory. He has held various leadership positions in Singapore and Hong Kong. In his previous roles, Tan was a member of JP Morgan's Wealth Advisory team in Singapore. 

Assuming the role of Global Head for Wealth Planning and Family Advisory, Tan will spearhead the advisory team alongside the frontline team to deliver wealth planning, family office and family governance advice and solutions to ultra-high net worth private banking clients across the bank’s four wealth advisory hubs of Hong Kong, Singapore, the UAE and Jersey. "Tan’s appointment demonstrates StanChart’s commitment to enhancing its wealth advisory proposition which, in turn, complements the banking and wealth management offerings globally, and brings a holistic advisory experience to its clients", according to the official statement of the bank.

Tan possesses extensive experience assisting clients and families with their planning needs, encompassing both domestic and cross-border aspects. Therefore, his expertise will benefit the bank in expanding its wealth management offerings globally.

Recently, StanChart announced a new parental policy aimed at fostering an inclusive work culture. This policy, available to employees worldwide, is designed to help them strike a balance between their personal lives and careers when welcoming a child. In an official statement on August 30, 2023, the bank declared, 'The new childcare policy will be available to all new parents, regardless of gender, relationship status, or how a child becomes a permanent part of an employee's family.