Standard Chartered Bank has made some changes to its management line up as it seeks to accelerate the development of its global markets business with a particular focus on research and e-commerce.
Alex Barrett, previously head of the bank’s global client group has been appointed head of client research across all global markets including FX, fixed income, interest rates, commodities and credit.
His move to this newly created role follows the bank’s decision to simplify its sales structure by merging the global client group into its global investor sales and global corporate sales groups.
Barrett, who is based in London, reports to David Edwards, wholesale bank COO and Gerard Lyons, wholesale bank chief economist. He joined the bank in 2004 as global head of FX sales before heading the global client group. Previously he was global head of FX derivatives marketing at ABN Amro and before that worked at Deutsche Bank in a variety of roles including head of FX sales in Frankfurt.
In addition, Albert Maasland, who joined Standard Chartered last year, has been appointed global head of business development for e-commerce, also based in London. He reports to Tom Roche, global head of e-commerce, who joined the bank earlier this year (Squawkbox, July 3).
Previously, Maasland worked at Deutsche Bank as global head of marketing for the wholesale and investment banking business after senior roles in FX at the bank. Before that he was at HSBC, Chase Manhattan Bank and spent several years at technology company Cognotec as a director and global head of marketing.
The bank, which has a particularly strong presence in Asia, Africa and the Middle East, says it is focusing on e-commerce and research to reach a wider audience while at the same time building a more derivatives focused quantitative research function.
The changes come just two weeks after it announced it had appointed Richard Leighton as global head of foreign exchange, replacing Nick Beecroft who had moved to a senior banker role within the organisation (Squawkbox, October 23).