Day: 6 September 2016

Grimeh to Exit StanChart

Mohammed Grimeh, regional head, financial markets, Americas, and head, financial markets sales, Americas, is set to leave Standard Chartered in New York.

A spokesperson for the bank confirms that Grimeh decided to leave in order to pursue another career opportunity, with one market source suggesting that he is moving to the buy side.

His last day with StanChart will be September 23.

No immediate successor to Grimeh has been appointed, so Bill Streep will assume the role of interim regional head of financial markets, Americas, in addition to his current role as head, ALM, Americas.

BM&FBovespa Becomes First Exchange to Join R3

BM&FBovespa is the latest financial services firm to join the R3 partnership that aims to design and apply distributed and shared ledger-inspired technologies to global financial markets.

The exchange group will join over 60 other financial institutions in the consortium, where it will collaborate on research, experimentation, design and engineering to help develop distributed ledger technology that meets the financial and capital markets requirements for identity, privacy, security, scalability, interoperability and integration with legacy systems.

Consortium members work closely with R3 to develop Corda, its shared ledger platform specifically designed to record, manage and synchronise financial agreements between regulated financial institutions.