Standard Chartered announced on Wednesday that it has named Tracy Wong Harris as Head of Sustainable Finance for Greater China and North Asia (GCNA), effective immediately.
Recently announced in a press release, Tracy Wong Harris, a financial executive, has joined Standard Chartered, a leading international banking group, as its new Head of Sustainable Finance for GCNA to focus on the Bank’s sustainable finance strategy on GCNA.
In this new role, located in Hong Kong, she will achieve this by developing new products and solutions. Additionally, she will incorporate environmental, social and governance considerations into banking decisions, and identify sustainable finance opportunities for clients.
Moreover, since May 2020 this financial executive has been a member of the SFC Climate Change Industry Group at the Securities and Futures Commission. Further, she has also been serving on the AIDS Concern Board of Directors for almost two years.
A Glance Back at Harris’ Career
Earlier to the announcement, Harris served as the Deputy Secretary-General at Hong Kong Green Finance Association (HKGFA). Over two years, she helped to position Hong Kong as a leading global green finance centre.
Prior to HKGFA, retained her services for more than a decade. Initially, she fulfilled the role of Vice President for Securitised Product Group Market Risk Management. After three years, she received a promotion to Senior Vice President of Rates Exotics Valuation Control. Within half that time, she elevated to the rank of Senior Vice President of APAC Chief Investment Office (CIO) Valuation Control Head. Later in April 2014, she culminated in the role of Senior Vice President for APAC Liquidity Risk Management. She was responsible for managing liquidity risk for the Asia Pacific region for more than four and a half years.
Before working for JP Morgan, Harris worked as a Structured Credit Product & Risk Manager for two years at . This role involved the management of market risk and valuation on complex structured credit products.
At Investment Bank, she was employed as a Market Risk Executive. For just over a year, his duties required daily VAR explanations on credit derivatives products.
Furthermore, in July 2003, recruited Harris as a Fixed Income Derivatives Manger. Over the two year period, she was in charge of calculating the company’s capital to maintain its AAA rating via fixed income derivatives.
Leadership Changes Amidst Standard Chartered
is extending its push to support clients across Asia, Africa and the Middle East with sustainable financing. In addition to Harris, Standard Chartered has made several other recent key appointments in London and Singapore.
The appointments include:
This recent expansion follows the release of the Impact Report, which quantifies the impact of its USD 3.9 billion of Sustainable Assets that are aligned to the UN’s Sustainable Development Goals (SDGs) in its Sustainable Finance portfolio.
Commenting on the announcement, Daniel Hanna, Global Head of Sustainable Finance, Standard Chartered, said: “The Greater China and North Asia region plays an incredibly important role in ensuring the world achieves the Paris Agreement on climate change and the Sustainable Development Goals. Asia’s stage of growth and the fact that it houses some of the world’s most innovative companies means it is in a good position to ‘sustainability-leapfrog’ other parts of the world, so I’m delighted we could recruit someone of Tracy’s calibre to support our clients.”
“I am very excited to join Standard Chartered, a bank with PUBLIC solid commitment to align with the Paris Agreement and leading innovative work, such as Bill Winters chairing the Taskforce for Scaling Voluntary Carbon Markets. I am confident that we can advance deep decarbonisation in the region and deliver the firm’s sustainability and climate targets,” said Harris.