StanChart reshuffles Asia FX, rates and commodities

Standard Chartered has made senior appointments in Manila and Singapore in commodities, foreign exchange and interest rates.

Michael Bass took over as global head of commodities at Standard Chartered in Singapore in December to drive the bank’s expansion in this area. He was previously global head of interest rates and foreign exchange, and has been succeeded by Nitin Gulabani, the global head of rates in Singapore, and  London-based global head of FX Richard Leighton.

The commodities business was previously co-headed by Sean Mulhearn, global head of commodity derivatives origination and structuring, and Jeremy East, global head of commodity derivatives trading. Mulhearn and East remain in those positions in Singapore, reporting to Bass, who in turn reports to Leonard Feder, group head of financial markets in Singapore.

Meanwhile, Rey Donald Ching-Uy relocated from Manila to Singapore on February 11 as director of interest rate derivatives trading for South-east Asia. In this newly created role, he reports to Pao Chatakanonta, regional head of interest rate derivatives for South-east Asia.

Ching-Uy was previously head of rates and foreign exchange trading for the Philippines and his old role has been split into two. Juan Martin Imperial, formerly an FX spot dealer, is promoted to head FX trading, while John Christopher Lu has been hired to trade interest rate derivatives.