Standard Chartered has announced that Alex Manson, chief executive officer of SC Ventures, will join the bank’s management team, effective immediately. SC Venture in the bank’s innovation and fintech investment arm.

Commenting on the move, group chief executive Bill Winters says: “We need to constantly adapt our strategy to ensure that we remain relevant and can profitably satisfy the needs of our clients today, and be ready to serve the needs of our clients of the future.

“As SC Ventures matures and as we increasingly rely on innovation to build our future, it is critical that we reinforce the already strong connections between our businesses, functions and ventures. I am confident this approach will accelerate the ongoing drive towards a healthy client-focused and risk-aware mindset, while reinforcing a culture of innovation and excellence.”