• Published on 18 March 2023
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Retail Finance Person of the Year

• The Council of Advisors has acknowledged your extensive experience and transformational leadership in enhancing Standard Chartered’s position as one of the leading retail banking franchises in Asia. 
• Standard Chartered has built and continues to strengthen its operationally diverse footprint across 13 markets in Asia. By introducing greater discipline into each market and improving profitability, you have successfully built a robust business engine in the region, putting the franchise on a steady course of returns. 
• Since your appointment as the head of consumer, private and business banking in Asia in 2021, overall profitability of the business improved dramatically, where return on tangible equity improved by more than 60% and economic value-add grew by four times. 
• This was accompanied by sound management of risk weighted assets and optimisation of non-performing loan provisions and charges. 
• Standard Chartered successfully launched  Priority Private clients, expanded the international banking business, and drove a hybrid online-offline wealth model that yielded improved client-manager interaction. 
• Further, the Council notes the introduction of new digital capabilities on top of strengthening existing ones, and sound strategic partnerships such as the credit card and personal loan partnership with Cathay Cards and Alipay in Hong Kong, Atome and Kredivo in Indonesia, and Toss Bank in Korea.
• Along with digital adoption, the total number of retail products sold digitally for Standard Chartered Asia is up 43% year on year, where more than 75% of new sales are sourced from strategic partnerships.
• To prepare Standard Chartered for the future and the rapidly transforming the banking industry, you actively support talent development and innovation programmes such as SCVentures, Wealth Academy with INSEAD, and the International Relationship Manager programme. 
• Ladies and gentlemen, it is my pleasure to announce the Retail Finance Person of the Year for 2023, SAMIR SUBBERWAL, Head of Consumer, Private and Business Banking Asia and Global Head of Digital Business at Standard Chartered Group. 
• Congratulations to an exceptional leader whose extensive experience and transformational leadership have enhanced Standard Chartered's position as a leading retail banking franchise in Asia.