StanChart boosts FX derivatives team

Standard Chartered has bolstered its Hong Kong-based foreign exchange and derivatives group by hiring Christopher de la Hoyde and John Tan.

De la Hoyde, formerly with HSBC, joins as head of foreign exchange, North Asia. Meanwhile, Tan was appointed head of trading, in charge of foreign exchange, money market instruments and off-balance sheet trading. He was previously at Deutsche Bank.

Both take up their new positions at the bank in mid-June, and report to Patrick Gillot, head of global markets, north east Asia, in Hong Kong.

Gillot is also planning to hire a securitisation team at its Hong Kong office in the coming months, to take advantage of the growing investor appetite for cross-border asset-backed securitisation and synthetic collateralised debt obligations in the Asia-Pacific.