Standard Chartered announces senior appointments

Based at its regional headquarters in the Dubai International Financial Centre (DIFC), the bank operates the largest trading floor in the region with over 200 seats. Standard Chartered had recently announced that it has seen a 400 per cent increase in its annual GCC forex trading volume over the last two years.

Commenting on the new appointments, Nafees Akbarali, Regional Head of FICC Trading and Global Head of G10 Rtes Trading, said:

“Through the global financial crisis, we had seen greater investment flows into FX and despite the increased market volatility we have maintained a steady momentum of growth in our business. Standard Chartered has maintained a strong position in the fixed income, currencies and commodities trading area with the most substantial market share in the region.

“These senior appointments come at a time when we expect further growth in our FICC business and will support our ongoing commitment to the region. With our clients at the centre of our focus, we are committed to bringing world class experience and practice in the industry to the region as we continue to meet the needs of our customers by structuring unique offerings across the various asset classes.”

Varun Malhotra is joining Standard Chartered as Co-head of Global G10 Swaps/Bonds.

Noyan Ayhan will be the Head of Turkey Rates and FX trading. John Banerjee is joining the FX team with 20 years of experience on the buy and sell side as a highly successful global macro trader. Jeroen Beaard joins as a Senior Trader on the G10 and Short Term Interest Rates Trading (STIRT) desk. Ali Mohri joins the Bank as a Trader on the G10 and STIRT desk focusing on GBP and USD OIS’s and FRA’s as well as FX swaps. He was previously at Bank of America/Merrill.

abdulbasit@khaleejtimes.com