Standard Chartered Names New China CEO

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Jean Lu. Photo: Standard Chartered Bank

Standard Chartered Bank has appointed Jean Lu as its China CEO and executive vice chair of its China subsidiary, the U.K. banking group announced Tuesday.

Lu, a veteran banker with three decades of experience, will oversee operations on the Chinese mainland, the bank said in an announcement.

She joined Standard Chartered a decade ago and has held several executive positions, including head of corporate and investment banking and deputy CEO of Standard Chartered Bank (China) Ltd.

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Jean Lu is appointed as China CEO and executive vice chair of Standard Chartered Bank's China subsidiary.
Lu brings three decades of banking experience, having worked at Bank of China and HSBC before joining Standard Chartered in 2014.
Standard Chartered’s operating income rose 11% year-on-year to $10 billion in the first half of the year, with $664 million from the Chinese mainland.

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Who’s Who

Standard Chartered Bank: Standard Chartered Bank appointed Jean Lu as China CEO and executive vice chair. With three decades of banking experience, Lu will oversee operations on the Chinese mainland. She joined the bank a decade ago, holding various executive roles. Her predecessor, Jerry Zhang, is now global co-head of financial institutions coverage. In the first half of 2023, Standard Chartered’s operating income rose 11% to $10 billion, with $664 million from China. Total assets reached $835.4 billion by June-end.

Bank of China Ltd.: Bank of China Ltd. is one of China's "Big Four" state-owned commercial banks. Jean Lu, the newly appointed China CEO of Standard Chartered, previously worked there from 1994 to 2007.

HSBC: The article mentions that Jean Lu worked for HSBC from 2007 to 2014 before joining Standard Chartered. HSBC, one of the major international banks, is known for its global banking and financial services. This experience added to Lu’s extensive banking career before she was appointed as CEO and executive vice chair of Standard Chartered Bank's China subsidiary.

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