FX Markets

StanChart's New Hong Kong Treasurer Outlines Structure

BANKS

HONG KONG--Standard Chart-ered Bank's new Hong Kong-based treasurer, Anthony Ngai, says the bank has "streamlined" its organizational structure by eliminating a layer of management.

Ngai joined StanChart from the former Union Bank of Switzerland in the summer in a revised treasury role. His position encompasses the FX trading management responsibilities formerly held by Stephen Yau, who left in July to join ING Barings in Hong Kong as treasurer. Ngai has also taken over the Hong Kong treasury

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