Standard Chartered has promoted the head of transaction banking for China to lead the same division in Africa, according to a person familiar with the matter.

Peter Sun has been appointed as head of transaction banking for Africa, said the person, who declined to be identified because the information is not yet public.

A spokesman for Standard Chartered declined to comment.

Sun's appointment is the latest move by the bank to capitalise on growing ties between Asia and the resource-rich continent.

Sun will assume a position vacated by Hasan Khan, who was poached by Johannesburg-based Standard Bank in a recruitment push last year.

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