HONG KONG ― Standard Chartered has hired more than a dozen new bankers to its private banking teams in Singapore, Hong Kong and the United Arab Emirates in a bid to grow the affluent business, a bank statement said on Thursday.

The hires include Nicholas Cheng, who joined as managing director, head of private markets group. He reports to Foo Tian Ong, regional head of private banking in Southeast Asia and Singapore, the statement said.

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