Standard Chartered
Temasek buys £2.3bn stake in Standard Chartered
Singaporean investment company Temasek Holdings has bought an 11.55% stake in Standard Chartered from the Tan Sri Khoo Teck Puat estate for around £2.3 billion. The move makes it the largest single shareholder in the London-based bank.
StanChart appoints three in FX and rates
Standard Chartered has made three new appointments to its foreign currency options and interest rates derivatives desks based in London.
Standard Chartered appoints capital markets chief
Brad Levitt has been promoted to global head of capital markets and wholesale banking at Standard Chartered in Singapore following the departure of the previous head David Worth.
PBOC gives OTC foreign exchange trading go-ahead
The People's Bank of China (PBOC) has opened up the country's spot FX market to over-the-counter trades, and authorised the China Foreign Exchange Trading System (CFETS) to determine the daily central parity rate for the RMB against foreign currencies.
DrKW appoints global head of FX derivatives
Dresdner Kleinwort Wasserstein (DrKW), the investment banking arm of Dresdner Bank, has hired Tim Carrington as its new global head of foreign exchange derivatives.
BoA loses French corp sales dealer
Olivier Brouet has left Bank of America (BoA) in London, where he worked in FX sales to French corporates, reports FX Week , Risk ’s sister publication.
ABN Amro wins China derivatives licence
ABN Amro last week joined the elite group of foreign banks authorised to trade foreign exchange derivatives in China after winning a licence from regulator the China Banking Regulatory Commission, reports RiskNews’ sister publication, FX Week .
Chinese regulator extends derivatives transition period
The China Banking Regulatory Commission (CBRC) has extended the transition period for its new derivatives licensing regime, giving banks an extra three months to get licences in place that will allow them to trade derivatives onshore.
CSFB gets OK for derivatives in China
The China Banking Regulatory Commission (CBRC) authorised Credit Suisse First Boston (CSFB) to launch a financial derivatives business in China last week, reports RiskNews’ sister publication, FX Week .
Oil price hits Asian currencies
Surging oil prices have put pressure on Asian currencies, but the impact has been magnified by other factors influencing the region, analysts told RiskNews’ sister publication, FX Week .
StanChart appoints new global head of rates and forex
Mike Bass, Standard Chartered’s head of interest rate derivatives, has been promoted to global head of rates and foreign exchange.
Options staff hotly pursued
Currency options traders are finding themselves hotly pursued, as a series of high-profile moves around the world has set off a chain of demand, reports RiskNews’ sister publication, FX Week .
StanChart poaches Deutsche FX options head in Asia
Standard Chartered has hired Will Shropshire in a dual capacity as head of foreign exchange options trading, Asia and global head of forex investor products in Singapore.
ABN Amro hires VP of financial institutions forex distribution in Singapore
Dutch bank ABN Amro has hired Rayson Hazra as vice-president of financial institutions foreign exchange distribution in Singapore.
Seven leave Dresdner in FX flight
Dresdner Kleinwort Wasserstein in London is facing an exodus of staff from foreign exchange, with at least seven leaving the bank in London and New York in the past month, reports Risknews’ sister publication FX Week .
Banks move in as Asian regulators ease derivatives restrictions
Banks operating in Asia are rushing to apply for licences to enable them to transact non-renminbi derivatives in China, following a relaxation of the rules from March 1.
Basel across boundaries
With branches spanning Asia, the Middle East, Africa and Latin America, Standard Chartered faces a number of challenges in implementing the new Basel Accord. Yet Richard Meddings, the bank's group risk director, has his eye firmly fixed on the most…
Standard Chartered poaches JP Morgan Chase veteran
Standard Chartered has hired JP Morgan Chase veteran Richard Leighton as global head of foreign exchange options in London.
Standard Chartered options trading head leaves
Standard Chartered has lost another member of its Singapore foreign exchange options team following the departure of Tim Carrington, global head of foriegn exchange options in Singapore, in July.
India allows foreign currency rupee options
Foreign currency rupee options have finally become reality in India, with the Reserve Bank of India (RBI) allowing plain vanilla currency options trading to commence today.
ABN Amro adds to global currency options team in Asia
Dutch bank ABN Amro has hired Clifford Bayne as an exotic options specialist in Asia, in a move to boost the bank's global currency options capabilities within its recently established financial markets business.
Standard Chartered boosts global ABS team
Standard Chartered has strengthened its asset-backed securitisation (ABS) capabilities with three new hires.
Hong Kong banks ready SARS contingency plans
Banks are readying contingency plans for FX trading in Hong Kong, as a potentially fatal pneumonia virus grips the trading centre.
Hong Kong banks ready SARS contingency plans
Banks are readying contingency plans for FX trading in Hong Kong, as a potentially fatal pneumonia virus grips the trading centre.