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.Head of options trading Justin Gann left at the start of October, a spokesperson for the bank confirmed. Gann reported to global head of forex trading Nick Beecroft in London, who joined earlier this year. Gann has left to set up a hedge fund, a source close to the bank told RiskNews' sister publication FX Week.
Beecroft said Standard Chartered is seeking a replacement for Gann in Singapore and for Carrington, although whether the latter position will be in Singapore or London is still undecided. He would not disclose how many options staff remain in Singapore.
Carrington relocated from London to Singapore earlier this year and is believed to be pursuing personal interests outside of the foreign exchange market.
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