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Daily Dispatches: Standard Chartered beefs up in FX

Standard-chartered

Standard Chartered, one of the most active recruiters in Singapore’s banking sector, has made two senior appointments into its foreign exchange division.

It has promoted Chris Allington to global head of FX and hired Neh Thaker as global head, options and platforms.

Thaker’s move demonstrates Standard Chartered ability to pull people from the bulge bracket in Asia. He joins from Bank of America Merrill Lynch, where he has worked his whole career.

Both appointments also show the continued importance of Singapore to Standard Chartered, which, although headquartered in London, earns about 90% of its income and profits in Asia, Africa and the Middle East. Recruiters in Singapore say FX is one of the few bright spots in investment-banking hiring in Asia.

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