Standard Chartered Bank has appointed Patrick Lee as the new CEO of its Singapore franchise, subject to regulatory approval.

Based in Singapore, Lee will be in charge of developing and implementing business strategies as well as strengthening relationships with clients and stakeholders.

In the new role, he will directly report to regional CEO Asean and South Asia Judy Hsu.

Lee most recently served as the firm’s head of global banking in Singapore, a position he will continue to hold until a successor is announced by the company. He joined Standard Chartered in 2012.

His corporate and investment banking career of more than 25 years includes experience of working in London, Hong Kong and Singapore.

“The Bank’s franchise in Singapore, similar to Singapore’s role as a financial centre, is on its next phase of development to maintain its dynamism and cutting edge,” the bank said in a statement.

The bank has reported several changes in its leadership team in the recent times. Last month, the bank’s compliance chief Neil Barry reportedly resigned following revelations of inappropriate behaviour.

In March this year, Standard Chartered CEO of private and commercial banking Anna Marrs announced plans to step down. Marrs also held the role of the bank’s CEO for the Association of Southeast Asian Nations (ASEAN) and South Asia.