As part of its efforts to boost its foreign exchange (FX), currencies and commodities (FICC) business in the Middle East and North Africa (MENA) region, Standard Chartered has made several senior appointments. Based at its regional headquarters in the Dubai International Financial Centre (DIFC), the bank operates the largest trading floor in the region with over 200 seats. Standard Chartered had recently announced that it has seen a 400% increase in its annual Gulf Co-operation Council (GCC) FX trading volume over the past two years.
Varun Malhotra joins as co-head of global G10 swaps/bonds. Most recently, he was head of US dollar swaps/bonds trading for Europe at Citibank London and had been responsible for growing that business over the past six years. Before Citibank, Malhotra was responsible for US dollar swaps at Barclays Capital in New York and London and, earlier, he was at Bankers Trust.
Noyan Ayhan joins as the head of Turkey rates and FX trading. Previously, he was head of Turkey trading at Morgan Stanley, where he played a major role in leading the business in the Turkish market. Prior to that he was both at BNP Paribas and JP Morgan.
John Banerjee joins the FX team with 20 years of experience on the buy- and sell-side as a highly successful global macro trader. Throughout his career, Banerjee has represented his employers and the industry to central banks and regulatory authorities. Previously, he was at Wedderburn, and prior to that at Credit Suisse and Merrill Lynch.
Jeroen Beaard joins as a senior trader on the G10 and short-term interest rates trading (STIRT) desk focusing on FX swaps where he was a top three market-maker in the EONIA market, OIS and FRA trading. Previously he spent nine years at Rabobank trading euro, Japanese yen and STIRT products.
Ali Mohri joins as a trader on the G10 and STIRT desk focusing on sterling and US dollar OISs and FRAs, as well as FX swaps. He was previously at Bank of America / Merrill.
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