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Standard Chartered announced that it has established a Global Treasury Solutions team for its Transaction Banking Business. The newly formed team is responsible for providing best practice treasury advice and delivering sophisticated global and regional cash management solutions tailored to clients’ needs.

She comes to Barings from Schroders.

The Chief Executive Officer of the Commonwealth Bank, Ian Narev, announced the resignation of Ian Saines, Group Executive, Institutional Banking and Markets. Mr Saines will leave the Group at the end of 2013. Mr Saines has been with the Commonwealth Bank Group since 2004. During that time he has occupied several senior executive positions with the institutional banking division. He was appointed Group Executive, Institutional Banking and Markets in March 2009. Under his leadership, Mr Saines has significantly reformed the Institutional Banking and Markets business by designing and implementing the Total Capital Solutions strategy. This strategy has established the Commonwealth Bank as the only universal wholesale bank in the domestic market. Mr Narev said, “We greatly appreciate Ian’s contribution to our Institutional segment. During the past 4 years Ian has been a valued and highly regarded member of the Group’s Executive Committee. Importantly, Ian led the business through the challenging GFC period and through to the most recent financial period where the continued progress of the Total Capital Solutions strategy led to a 10% lift in profits.” “On behalf of the entire Group, we wish Ian all the very best as he pursues the next phase of his career.” Mr Saines said, “It has been an enormous privilege to have played a role at the Commonwealth Bank Group since 2004, during which time I have witnessed a proud organisation continue to set and achieve even higher standards. I consider my current role to be one of the best in Australian banking, so a decision to stay would have been easy. However the strength of the business and the outstanding quality of its talent gives me the opportunity at this time to move on to a new phase in my career.” Mr Narev indicated that an announcement regarding a replacement for Mr Saines would be made in due course. The Commonwealth Bank will continue with its strategic intention to develop globally competitive capabilities and will undertake a global search as well as an assessment of the very strong internal candidate pool.

Hang Seng Bank today announced that Mrs Dorothy Sit, 61,Vice-Chairman and Chief Executive of Hang Seng Bank (China) (‘Hang Seng China’), and a Non-executive Director of Hang Seng Bank, has been re-designated as an Executive Director of the Bank with effect from 22 August 2013.

Oversea-Chinese Banking Corporation said Tan will oversee the bank’s debt capital markets and loan syndication teams and will be responsible for driving the business and executing its strategic growth plans. Tan is a veteran in the finance and banking industry with 20 years of industry experience. Prior to joining OCBC Bank, he was the head of capital markets, Singapore at Standard Chartered Bank. He also worked at Citicorp Investment Bank (Singapore) for 16 years providing debt capital market and corporate finance advice and solutions. Tan holds a bachelor’s degree in mechanical engineering with honors from the National University of Singapore and an MBA from the University of Washington.

CIMB Group announced the appointment of Munirah Khairuddin as Chief Executive Officer for CIMB-Principal Asset Management (CIMB-Principal) Malaysia, and Pedro Esteban Borda as Chief Executive Officer, ASEAN Region for CIMB-Principal. The appointments have obtained approval from the Securities Commission Malaysia (SC) and are effective from 21 August 2013.

He replaces Virabongsa Ramangkura, who has retired.

Geczy comes to Australia and New Zealand Banking Group

Mizuho Securities Asia Limited (“MHSA”) has appointed Damian Rowe as Managing Director and Head of Fixed Income Trading for Asia Pacific (excluding Japan). Based in Hong Kong, Mr. Rowe’s appointment is part of Mizuho’s strategic efforts to grow its client-focused pan-Asia Fixed Income Sales and Trading businesses. As one of Asia’s largest bond houses, Mizuho offers unique underwriting, sales and trading solutions to its diverse and growing client base.

Bank set on rapid expansion plans.

CIMB Thai Bank PCL said she will be responsible for Capital Financial Markets & Payments Operations Department; International Business Department; Credit Operations Department; Payments and Channel Operations Department and Data Quality Management Team.

Standard Chartered has created an RMB Solutions team that is responsible for delivering bespoke client solutions to help them best capture opportunities arising from the internationalisation of the RMB. The team consists of Carmen Ling, Global Head, RMB Solutions, Origination and Client Coverage; Caroline Owen, Regional Head of RMB Solutions, Americas; Alexandra Gropp, Regional Head of RMB Solutions, Europe; and Lisa O’Connor, Director, RMB Solutions. Commenting on the appointments, Sean Wallace, Group Head of Origination & Client Coverage, said, “The liberalisation of the RMB represents one of the most profound changes in the world’s financial system in generations. We aim to be the leader in providing insights, services and ideas in this area. I am confident that the RMB Solutions team will drive our influence through advice and bespoke solutions.” As Global Head of RMB Solutions, Carmen will lead the team in deepening client relationships internationally and delivering solutions to support their growth agenda as the pace of RMB internationalisation accelerates. She is based in Hong Kong, and reports to Darcy Lai, Regional Head of Origination and Client Coverage, Northeast Asia. Carmen joins the Bank from Citi, where she has held a number of senior positions, most recently as Head of Global Transaction Services, Hong Kong. She brings with her extensive experience across client coverage, transaction banking, RMB and network strategy. Caroline is based in New York and reports to Jeremy Bollington, Head of Origination and Client Coverage, Americas. Prior to this role, Caroline was the Head of Debt Capital Markets North America of Standard Chartered Bank. In this role, Caroline provided multi-national corporations, financial institutions and development organisations with strategic capital markets solutions for their funding requirements in Asia, Africa and the Middle East. Caroline has been a pioneer in the CNH bond market, leading landmark transactions for issuers such as McDonald’s, Caterpillar Financial and the International Finance Corporation. Before joining Standard Chartered Bank, Caroline worked in a variety of capital markets roles with major investment banks in New York, London and Sydney. Alexandra is based in London and reports to Tarek Anwar, Head of Origination and Client Coverage, Europe. Prior to taking over her recent role, Alexandra held different roles in the Bank’s Capital Markets team, including the origination and execution of Debt Capital Markets and Structured Finance transactions for European clients of G3 and Asian Local Currency transactions, including Dim Sum bond issuances. Lisa joins Standard Chartered from SWIFT, where she was the Initiative Director for RMB Internationalisation responsible for SWIFT’s global RMB strategy. She is based in Hong Kong and reports to Carmen. 

Both will be based in Singapore.

It’s the second senior level reshuffle in a month.

Moves are latest senior-level changes.

Dr. Raghuram Rajan will replace Dr. Subbarao from September 4.