On the move

StanChart ASEAN CEO quits over disclosure lapse

Ajay Kanwal, the head of Standard Chartered's ASEAN and South Asian operations, left the bank after failing to disclose past personal investments. In 24 years with the bank, Kanwal's roles included managing operations in South Korea, China's Taiwan and Mongolia as a regional CEO, according to a profile on the bank's website. He also helped set up its private bank franchise in Singapore. He will be replaced by Anna Marrs, who is already heading commercial and private banking. Marrs will take the additional role subject to regulatory approval, the bank said.

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