HONG KONG, March 28 (Reuters) - About 11 Hong Kong-based
bankers from Standard Chartered Plc's private
banking unit, including one managing director, are leaving the
bank, a spokeswoman for the lender said on Tuesday.
Teresa Lee, managing director of Standard Chartered private
banking in Hong Kong, and about 10 relationship managers on her
team were leaving, the spokeswoman said, after Asian Private
Banker first reported the development.
The spokeswoman for Standard Chartered did not elaborate on
the matter. But a source with knowledge of the move said that
those who were leaving the bank were part of the bank's Greater
China private banking team.
Lee could not immediately be reached for a comment.
(Reporting by Sumeet Chatterjee; Editing by Randy Fabi)