The recent cuts announced at Standard Chartered are beginning to hit its FX department, with at least three senior staff thought to be leaving the bank.
In New York, Profit & Loss understands that Sebastian Correa, head of FX, rates and credit trading, Americas, and Jonathan Comings, who worked in FX sales, are leaving the bank as part of the cuts.
Correa joined StanChart in 2010 as head of trading, Latin America, before moving to his most recent role in 2015. Prior to joining StanChart, he spent six years at Banco Santander and four years at Citi, where he was based in Bogota.