Standard Chartered’s appointment of former HSBC executive Yusuf Demiral as global head of wealth and retail banking data, analytics and AI signals an increasing focus on data-driven strategies in financial services. This leadership move underscores how major banking institutions are prioritizing artificial intelligence capabilities to enhance their wealth management and retail banking offerings.
Key details: Standard Chartered has named Yusuf Demiral to lead its global wealth and retail banking data, analytics and AI initiatives.
Reporting structure: Demiral will report to Samir Subberwal, who serves in multiple leadership capacities at Standard Chartered.
Why this matters: The appointment highlights the growing strategic importance of data analytics and AI capabilities in the competitive wealth management sector.