Standard Chartered boosts currency team

Standard Chartered Bank has appointed Felipe De Freitas as head trader in charge of Latin American foreign exchange options.

De Freitas brings nine years of experience in trading Latin American options to the bank; before this role he held appointments at Credit Suisse, Deutsche Bank and Banco Santander.

The bank has also hired Alosio Teles, who will take on the role as co-head of Latin American rates, focusing on Brazil. He will be joined by Alfredo Alarcon, who will serve as co-head of Latin American rates, with a focus on Mexico. Teles was hired from SAC Capital Advisors, while Alarcon's prior experience includes stints at Credit Suisse and Deutsche Bank Securities.

John Munley has also joined the bank as senior trader of G-10 currencies. He was previously a senior vice-president at the Royal Bank of Scotland.

All four traders will be based in Standard Chartered's New York office, and will report to Mohammed Grimeh, who is the bank's head of trading and deputy head of global markets, Americas. Grimeh joined Standard Chartered in January after serving as global head of emerging markets at Lehman Brothers for 10 years.

See also: Lehman EM head reappears at Standard Chartered