Standard Chartered is shaking things up in its transaction banking division, and it seems like there’s a bit of a musical chairs vibe going on. The Asia-focussed lender decided to kick off the week with some fresh faces and new titles, all in the name of boosting its global operations. Ankur Kanwar is stepping up as the new head honcho for transaction banking in Singapore and across ASEAN. But don’t worry, he’s not letting go of his other hats—he’ll still be juggling his roles as the global head of cash structured solutions and cash management for the region.
Kanwar’s rise comes as Maisie Chong passes the baton, though she’s not going far. Chong is staying in the game, focusing on receivables purchase and trade and working capital for ASEAN and South Asia. It’s a bit like swapping seats but staying at the same table—a familiar scene in the world of corporate banking. Meanwhile, over in Europe, Marion Reuter is taking the reins at Standard Chartered Bank AG in Frankfurt, where she’s ready to lead the transaction banking charge.
Reuter isn’t exactly a newcomer—she’s already been the head of transaction banking corporate sales in Europe, so this new role feels more like a natural progression than a surprise twist. She’s stepping into the shoes of Karin Flinspach, who’s decided it’s time to bid farewell to the bank. No drama there, just a smooth handover, as Flinspach exits stage left.
And speaking of exits, Kai Fehr is saying goodbye to his role as global head of trade and working capital. Sofia Hammoucha, a relatively fresh face at the bank, is stepping in to fill those shoes. Fehr’s heading back to Germany for some family time, making way for Hammoucha to bring her fresh perspective to the role. Based in Singapore, she’s poised to take the global trade and working capital strategy in a new direction, just as the bank continues its global shuffle.
(Source: Finimize | FX News Group | Financial News Asia)
