Standard Chartered Bank is expected to unveil a new-look management line-up before the end of the month. The reshuffle comes in the wake of the November 29 relocation of Hong Kong-based Mervyn Davies to run the bank from its London headquarters after former group chief executive Rana Talwar left. Speculation among bankers in Hong Kong is that while Mr Davies will seek to impose his own stamp on the group's top leadership positions a major shake-up is unlikely. But the reshuffle may allow Mr Davies, who left Hong Kong in November with an undertaking to focus on the bank's key businesses in the SAR and the mainland, to raise the profile of Asian managers in the group. Total pre-tax profit for the group in 2000 amounted to GBP949 million (about HK$10.5 billion), of which the single-largest share - GBP341 million, or 36 per cent - was generated in Hong Kong. Pre-tax profit in other Asia-Pacific countries amounted to GBP245 million, lifting the Asian contribution to GBP586 million, or about 62 per cent of group pre-tax earnings. This overwhelming dominance of Asian market places in the group's business mix has so far not been reflected in top appointments, with just four Asians - one of whom is London-based - on the bank's all-male 16-member board. Bank oficial Rosemary Sayer yesterday declined to comment on the imminent announcement. However, among the most keenly awaited changes due will be new appointments in Hong Kong, which in the first half of last year lifted its contribution to group pre-tax profit to 42 per cent. Peter Wong Tung-shun, chief executive and general manager for Hong Kong, is likely to take on most of the operations run by Mr Davies before his departure, bankers said. Mr Davies was group executive director responsible for Hong Kong, China and North East Asia. He joined the bank's board in 1997 and was responsible for the group's largest market as well as its information-technology development. Mr Wong was appointed chief executive and general manager for Hong Kong in July 2000 and is likely to have the China market added to this brief. What remains to be confirmed, however, is whether Mr Wong will step directly into the board vacancy created by the elevation of Mr Davies to the company's top post of group chief executive.