Standard Chartered to form new financing and securities services unit
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Standard Chartered to form new financing and securities services unit 27 March 2020Singapore Reporter: Maddie Saghir
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Standard Chartered is set to combine its securities services and portfolio risk management in the financial markets business to form a new financing and securities services unit.
The combination will allow greater alignment of the prime business within portfolio risk
management, according to Roberto Hoornweg, global head of financial markets at Standard Chartered.
Additionally, Hoornweg says that the move will harmonise Standard Chartered’s offering in financing, custody and clearing, as well as fund services for clients.
Current global head of securities services, Margaret Harwood-Jones will co-head the new unit
with Emmanuel Ramambason, who now serves as global head of portfolio risk management.
Both Harwood-Jones and Ramambason will report to Hoornweg.
Hoornweg adds: “The combination will also further enhance the synergy between financial
markets and transaction banking within our corporate, commercial and institutional banking
business, to ensure we are fully equipped, relevant, and best-placed to service our clients.”
The financing and securities services unit will include all existing securities services activities including securities lending, custody, clearing, fiduciary and fund services.
Additionally, it will house all portfolio risk management activities across prime services, money markets, central funding desk, credit valuation adjustment and the modelling and analytics group.
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