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One of Standard Chartered’s top MDs is now a Hong Kong CEO

Andy Ho, a Standard Chartered veteran and one of Hong Kong’s leading corporate bankers, has left the finance sector to join Circle Property Development as its new chief executive officer.

Ho moved to the Hong Kong-based real estate investor and developer – which owns and manages a portfolio of high-end commercial developments in Hong Kong, Shanghai, Macau and London – earlier this month, according to his online profile. He is tasked with mapping out a strategy to “maximise return on its properties and financial assets” and “optimise its capital structure and treasury management”. More hiring at Circle may also be on the cards under Ho, who wants to “build” his new team.

As a managing director and head of sales and relationship management, Ho was an important figure within the Hong Kong commercial banking business at Stan Chart, a firm he joined back in April 2000. His sales team focused on cash, trade and lending services for large and medium-sized businesses in the city, and worked with various Stan Chart divisions to deliver corporate finance, capital markets and other products for clients.

Stan Chart is currently looking to trim managerial jobs in Asia in an effort to reduce its fourth-quarter costs, but Ho’s move is thought to be unrelated to this restructuring.

His departure follows that of several other senior Hong Kong bankers who’ve left to take up C-level or corporate development roles outside of finance, particularly in the tech sector. Late last year, for example, HSBC’s head of APAC technology investment banking, Jeff Chen, joined Chinese online healthcare firm WeDoctor as its chief strategy officer. Expansionist mainland companies from Alibaba to Fosun are continually on the hunt for bankers to help with lending and acquisition advice.

A model long-tenure banker, Ho has only worked for two banks: Stan Chart and HSBC. His career at the latter began in 1989 as a ‘resident officer trainee’. Until leaving HSBC in 2000, he also held various executive positions in both Hong Kong and New York within units such as corporate banking, corporate rehabilitation, and trade and retail operations.

Have a confidential story, tip, or comment you’d like to share? Contact: smortlock@efinancialcareers.com

Image credit: tifonimages, Getty

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AUTHORSimon Mortlock Content Manager

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