Standard Chartered Private Bank has hired Armando Rosselli from Coutts to serve as its head of wealth advisory and UK resident non-domiciled (UK RND) clients.
At Coutts, Rosselli was the head of tax and wealth structuring.
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In the newly created role, he will be responsible to develop Standard Chartered Private Bank’s wealth advisory and non-domiciled client services.
He will directly report to Julian Davies, the bank’s head of private banking in UK and Jersey.
Rosselli, who started his career as a graduate at UBS, has more than 20 years of experience in the wealth management industry. He was previously also associated with Credit Suisse.
Armando said: “I am excited to join Standard Chartered; its footprint in Asia, Africa and the Middle East is where most of the world’s new wealth is expected to be generated.”
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By GlobalDataEarlier this week, Standard Chartered private banking business registered an income of $127m for the third quarter of this year, nearly the same it reported in the corresponding period a year earlier.
The bank said that ongoing trade tensions reduced investments thereby affecting its wealth management business.
