Standard Chartered Bank has named Ian Gibson as new regional head of private banking for Africa, Middle East and Europe, effective from mid-October 2015.
Based in London, Gibson will report to Michael Benz, global head, private banking at Standard Chartered Bank.
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Gibson, who has over 20 years of banking experience, previously held several roles at Standard Bank including global head of their private clients business where he built a HNW business and established a presence in countries such as Kenya and Nigeria.
He also worked as CEO of their Offshore Group, and as chief operating officer and finance director.
Benz said: "According to a recent report, there are approximately 163,000 millionaires living in Africa with combined wealth holdings of $670bn.
"As Africans increasingly go global, there is also a growing desire to differentiate between offshore and onshore wealth management. Ian’s extensive experience and deep local knowledge will add significant value and momentum as we grow alongside the continent."
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