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Former Standard Chartered private banking chief charged with accepting bribe
10/01/2018 , John Evans, International Editor

Ryan Gwee Yuan-kerr, former head of private banking for Standard Chartered Bank (China), has been charged by Hong Kong’s anti-corruption agency with accepting a bribe of HK $150,000 (US$19,175).

The bribe is alleged to have been from a client for handling bank accounts held by the client and companies controlled by him.

Mr Yuan-kerr, 40, faces one count of agent accepting an advantage, contrary to the Prevention of Bribery Ordinance, the Independent Commission Against Corruption (ICAC) in the former British colony said.

The ICAC said the defendant, when private banking head of SCB China, also supervised a sales team of the private banking division of Standard Chartered Bank (Hong Kong). He was tasked to handle its customers and promote various banking services to them.

The charge alleges that on 11 August 2011, the defendant, without lawful authority or reasonable excuse, accepted $150,000 from a then chairman/major shareholder of an insurance company as a reward for handling his bank account and bank accounts of the companies controlled by him.

Standard Charted Bank HK has rendered full assistance to the ICAC during its investigation, the commission noted.

Social media profiles show that Mr Gwee has served as the equity partner and group managing director at ZACD Group since 2015. He was also formerly chief executive of Asia Capital - Pioneers Group. 

The defendant is due to appear before magistrates shortly to make a plea.

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