Subject to regulatory approvals, Cranwell will take on the role from February 2018, and will also be a member of the global banking management team.
Based in Singapore, he will report to Paul Skelton, global head of global banking.
Cranwell joins from HSBC, where he was head of commercial banking for the Middle East, North Africa and Turkey. Previously, he was at National Australia Bank, where he held several senior positions, including CEO for Hong Kong and head of the institutional and corporate finance business for Asia.
Skelton said: “Our CRE business is a key part of our corporate and institutional banking strategy and where our clients recognise our expertise and relevance. I am confident that with Steven Cranwell’s extensive experience and leadership we will be able to make further strong progress.”
Cranwell said: “I am thrilled to be joining Standard Chartered at this exciting time to lead the commercial real estate business into the myriad opportunities our extensive footprint presents.”