Key Takeaways
- • Standard Chartered appointed Ying Ying Tan as Global Head of Securities Services, effective immediately, succeeding Margaret Harwood-Jones, who has become CEO, UK & Europe.
- • Tan also takes on the role of Global Head of Digital Assets, responsible for executing the bank's digital assets agenda across custody, tokenisation, digital asset trading, financing and ecosystem partnerships.
- • Tan will continue to report to Ole Matthiessen, Global Head of Transaction Services & Digital Assets, and will be based in Singapore.
- • Ren Michau, who built the bank's digital assets franchise, moves into a senior advisory role reporting to Matthiessen and remains on the Group Digital Assets Steering Committee.
- • The appointment reflects the bank's view that traditional and digital finance are converging as institutional clients seek access to a wider range of assets and market infrastructures.
Summary
Tan has also been appointed Global Head of Digital Assets, with responsibility for executing the bank's digital assets agenda across businesses and functions. The mandate covers scaling custody, tokenisation, digital asset trading, financing and broader ecosystem partnerships. She will continue to report to Ole Matthiessen, Global Head of Transaction Services & Digital Assets, and be based in Singapore.
Ren Michau, who has been instrumental in building the bank's digital assets franchise, has taken on a senior advisory role reporting to Matthiessen. He will work alongside Tan and remains a key member of the Group's Digital Assets Steering Committee. According to the release, the bank has built digital asset capabilities over the past few years spanning custody, tokenised deposits, trading and tokenised money market funds.
Matthiessen said Tan "brings a unique combination of expertise across securities services, transaction banking and digital assets" and has played a pivotal role in building and commercialising the bank's digital assets custody capabilities. Tan joined Standard Chartered in 2017 and most recently served as Global Head of Securities Services Product Management and Chief Operating Officer for the business. Before joining the bank, she held regional and global leadership positions at Deutsche Bank across securities services, product management and transaction banking.
In her own statement, Tan said the boundaries between traditional and digital finance are becoming increasingly interconnected, creating new opportunities for clients. Standard Chartered describes itself as a leading international banking group with a presence in 55 markets; its shares are listed on the London and Hong Kong stock exchanges.
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