Today is Bill Winters' first day at Standard Chartered. The UK's Financial Conduct Authority Register reveals that Winters' work officially begins on June 10th, although the Financial Times suggests he's been knocking around for a few weeks already.
Despite the change of guard, Standard Chartered doesn't seem to have put a stop to hiring before Winters' official arrival. On the contrary, the FCA Register suggests the British-based bank has been stocking up on certain trading professionals.
In the past few weeks, Standard Chartered has added a senior FX salesperson, two traders and a senior 'fixed income markets' professional. It's also lost a director in FX trading and an executive director covering 'key clients in Europe'.
Joiners include Brian Lewis, an executive director in FX sales who previously spent 10 years at UBS, Nick Luder, an FX options trader who spent seven years at J.P. Morgan, Martin Dunn, a former managing director in the 'institutional investors' team at Lloyds, and Daniel White, a fixed income trader from Morgan Stanley.
The flow at Standard Chartered hasn't been entirely one way. In the past few weeks, the FCA Register suggests the bank also lost Shreyans Surana, a director in FX trading, Chris Rance, a sales trader in FX and equity sales, Raghu Venugopal, head of key clients Europe, and Marco Saracino, a coal trader. Colleagues confirmed the departures of Surana and Venugopal. It's possible the others may have been transferred overseas.
Standard Chartered pulled back from equities trading in January 2015. Recent hires suggest it remains heavily committed to FX trading at least.