Standard Chartered Adds World Bank Lawyer in Weighing China Step

Standard Chartered Plc has hired the World Bank’s senior vice president and general counsel as it considers opening a standalone wealth management unit in China.

Sandie Okoro, the first Black woman to hold the World Bank post, will depart in April to become general counsel at London-based Standard Chartered. She spent five years at the World Bank, where she also holds the title of vice president of compliance.

Okoro succeeds David Fein, who retired late last year as Standard Chartered’s top lawyer but remains in an advisory role, the bank said in a statement Thursday. Fein this month joined Paul ...