About 11 StanChart's Hong Kong-based private bankers to leave

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)