Ex-FCA chief McDermott to join Standard Chartered
The former head of the UK’s Financial Conduct Authority (FCA), Tracey McDermott is to join Standard Chartered in the latest high-profile hire for the bank.
Standard Chartered
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PEOPLE MOVES: Fidelity Intl, StanChart, US SEC
Fidelity International has named a country head of China, while Standard Chartered in Hong Kong has made a raft of senior appointments following the resignation announcement of the bank’s chief executive. The US Securities and Exchange Commission has confirmed more departures ahead of the presidential inauguration.
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Standard Chartered, Allianz ink insurance distribution deal
Standard Chartered Bank has announced a 15-year deal with Allianz to sell its general insurance products, including travel, personal accident, fire and motor insurance products, across the bank’s retail banking network in five key markets across Asia.
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PEOPLE MOVES: StanChart, FPI, Aviva
Standard Chartered’s Asean and south Asia chief executive has stepped down with immediate effect. Friends Provident International has appointed a regional sales director for Singapore, while Aviva has hired a tech industry heavy hitter for a new communications role.
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PEOPLE MOVES: Old Mutual, Investec W&I, Axa IM, Neptune
Old Mutual poaches ex-head of Aviva Life UK as its new customer champion czar, while Investec W&I promotes long-running executive for charities Louise Hall. Axa IM announces a casualty of its plan to merge its alternative solutions and structured finance teams as Neptune unveils a whole raft of changes to its US team.
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Axa, Allianz in bidding war over Asia bank distribution deal
Insurance giant Allianz and France’s Axa are locked in a bidding war to acquire the distribution rights to sell insurance products through Standard Chartered channels in Asia.
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PEOPLE MOVES: Generali, Schroders, Standard Chartered
Generali has confirmed that a top executive in Asia has resigned, while a Schroders veteran is set to leave the company after a recent corporate restructure saw his role disappear. Standard Chartered, meanwhile, has named a heavy hitter from the IMF as its next chairman and appointed a private banking regional head in Asia.
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Singapore to act against 4 key banks over 1MDB scandal
Singapore has announced plans to take action against four major banks, including a Swiss private bank, over their involvement with the scandal-ridden Malaysian sovereign wealth fund 1Malaysia Development Bhd (1MDB).
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Chinese mainland investors warm to offshore products
Downward pressure on the renminbi and A-share volatility are prompting China’s investors to diversify their assets, said David Leung, head of wealth management at Standard Chartered Bank in China.
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Barclays speeds up sale of French arm as Q1 profits dip
Barclays has entered exclusive talks with specialist European private equity firm AnaCap Financial Partners to sell the bank’s French wealth management and retail banking operations.
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PEOPLE MOVES: SLI, Quilter Cheviot, Lombard Odier IM…
Standard Life Investments has appointed a chief executive and representative director in Japan, Quilter Cheviot has created a new head of business development role, while Lombard Odier IM has strengthened its German and Austrian sales team.
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Standard Chartered merges top private bank & wealth mgt roles
Standard Chartered Bank has combined the leadership of its private banking and wealth management divisions into a single global job, which will be taken on by Didier von Daeniken who will be based in Singapore.