Press Release
Standard Chartered Bank Makes Significant Key Appointments To Its Fixed Income Sales Team In China
Hires to strengthen existing team in enhancing customer and product coverage
Region: Greater China and Japan, India and South Asia, Europe Published by:
Eva Chow
Date:
10 July 2008
Corporate finance
10 July 2008, China/London/Singapore – Committed to strengthening its international sales force and enhancing its ability to serve corporate and financial institution clients, Standard Chartered has made key hires in China to add further thrust to its plans for growth in the region.
Duan Yang has joined the Bank as Managing Director, Fixed Income Sales, overseeing a newly assembled team that will continue to build out sales capabilities responding to client demands while driving service excellence in the region. Duan’s immediate tasks will include building and strengthening the Bank’s client coverage.
Duan has over 18 years of diverse financial markets across different markets. Formerly from Bear Stearns where he was Head of Derivative Sales, Duan comes to Standard Chartered with a strong performance track record. He will be based in Hong Kong and will report to Jenny Mak and John Thang, the Co-Heads of Fixed Income Sales North East Asia.
On joining Standard Chartered Bank, Duan shared, “Standard Chartered’s Financial Markets business has impressed me with its well-defined strategy and its relentless focus to being the right partner for its clients. Since joining, I’ve been particularly attracted to the culture displayed within the Bank where there is enormous emphasis in fully understanding clients, their business and their needs. I am delighted to be joining Standard Chartered at a time when the opportunity to further develop the Fixed Income sales business across such dynamic markets is so great.”
Reporting to Duan are Liu Xi and Zhang Hao:
Liu Xi has joined the Bank as Managing Director, Fixed Income Sales. Xi has over 20 years Fixed Income sales experience where he spent the last 14 years with BNP Paribas and was instrumental in building up the sales platform for China Institutional Sales there. Xi has a very strong relationship with Chinese institutional clients including Central Bank, commercial banks and insurance companies. He will be based in Hong Kong.
Zhang Hao has joined the Bank as Managing Director, Fixed Income Sales. He joins the Bank from Bear Stearns where he covered China derivative sales activities with extensive customer coverage including major banks and big state owned enterprises. Hao will be based in Hong Kong.
Commenting on these new hires, David Carr, Global Head, Fixed Income Sales said, “The appointments are testament to our focus in achieving greater scale and clearly underlines our obsession in driving our client-centric strategy. We have seen tremendous growth in China last year and as part of our sales focus are committed to directing our energies to customers in the region. We are confident that these appointments will raise the bar of excellence and set a new benchmark in satisfying customer demands.”
The team consists of four other hires covering Financial Markets sales which include equity, commodity, FX, rates and credit.
For further information please contact:
Eva Chow
Head of Corporate Communications
Standard Chartered Bank (China) Limited
Tel: +8621 3896 3198
E-mail: Eva.Chow@standardchartered.com
Corina Blum-Evans
Senior Corporate Affairs Manager, Wholesale Banking, London
Tel: +44 20 7885 7261 or Mobile: +44 78 8169 4437
E-mail: Corina.Blum-Evans@standardchartered.com
Jai Ganesh
Corporate Affairs Manager, Wholesale Banking, Singapore
Tel: +65 67257752 or Mobile: +65 96573837
E-mail: M-Jai.Ganesh@standardchartered.com
Notes to Editors
Standard Chartered - leading the way in Asia, Africa and the Middle East
Standard Chartered PLC, listed on both the London Stock Exchange and the Hong Kong Stock Exchange, ranks among the top 25 companies in the FTSE-100 by market capitalisation. The London-headquartered group has operated for over 150 years in some of the world’s most dynamic markets, leading the way in Asia, Africa and the Middle East. Its income and the number of employees have more than doubled over the last five years primarily as a result of organic growth and supplemented by acquisitions.
Standard Chartered aspires to be the best international bank in its markets through leading by example to be the right partner for its stakeholders. The group now employs 73,000 people, representing 115 nationalities, in more than 1,700 branches and outlets located in over 70 countries. The bank derives more than 90 per cent of its operating income and profits from Asia, Africa and the Middle East, with balanced income derived from both Wholesale and Consumer Banking.
The group is committed to building a sustainable business over the long term and is trusted worldwide for upholding high standards of corporate governance, social responsibility, environmental protection and employee diversity. For more information, please visit: www.standardchartered.com
About Financial Markets
Financial Markets at Standard Chartered is a globally integrated business spanning Asia, Africa, the Middle East, the UK and US. Financial Markets includes trading functions such as equities, commodities, fixed income trading (rates, foreign exchange, credit and structured products) an integrated sales platform, our capital markets business, a structuring function and an asset & liabilities management.
Our capital markets business, comprising Bonds, Asset Securitisation, Convertible Bonds and Loan Syndications, consistently dominates league tables and rankings in our footprint.
We have a particular competitive advantage in Islamic financing and cross border issuance capabilities. We have top three competitive positions in interest rate derivatives and currency derivatives (source: Asia Risk End User Survey 2007). Our commodities business has also climbed up the rankings clinching second place in the precious metals category (source: Asia Risk Commodity Survey 2008).
We are a major participant in the global rates and FX markets, actively trading in over 100 on shore and off shore currencies. We area market leader in the provision of emerging markets liquidity and have pioneered the development of new FX Options markets and products.
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