Standard Chartered Private Bank plans to expand its trust and fiduciary operations beyond the existing Guernsey and the Cayman Islands bases.
Mark Jackman has been appointed as global head of the bank’s trust and fiduciary business to oversee the expansion in a sector that Standard Chartered’s head of private banking Peter Flavel described as having “huge growth potential.”
Jackman’s role also includes responsibility for running Standard Chartered’s trust companies in Guernsey and the Cayman Islands and managing fiduciary specialists in various private bank locations around the world.
He will report to Gary Tiernan, the private bank’s global head of relationship management, investment advisory and fiduciary.
Tiernan said: “Trust and fiduciary services are an integral part of our platform and Mark’s appointment will help us to continue to raise the bar in our provision of high quality solutions for our clients. Mark’s experience in establishing and expanding trust companies will be invaluable as we advance our own offering.”
Jackman, who is based in Singapore, has 26 years of experience in the banking and trust industries in Asia, the Middle East and Channel Islands. Most recently he was head of Asia, in Rothschild’s private banking and trust business, and has held senior roles with Credit Suisse Trust Group, RBS Coutts and Bankers Trust Company.
