Standard Chartered Bank has appointed Richard Jaggard head of transaction banking, Europe, with responsibility for the bank’s cash management, trade finance and securities services in the region.
Jaggard will be based in London, having formerly worked in Hong Kong for seven years at HSBC, as head of sales for global payments and cash management, Asia-Pacific before joining Standard Chartered.
The bank said that Jaggard has over 25 years of experience gained in treasury and finance roles within multinational corporates, as well as transaction banking sales in leading financial institutions. His work included managing a global treasury for an FTSE100 UK company, setting up and operating a regional treasury centre for a blue chip US multinational in Europe, and establishing both a cash management consultancy and a treasury outsourcing business in Europe for a major US bank.
The US money market fund reforms came into effect in 2016 and are already dramatically shaping US fund industry with investors flooding out of prime funds and into government securities. While the reforms are similar, they are not the same. GTNews interviews Yeng Bulter, global head of the cash business at State Street Global Advisors on the differences.
The top five sectors Asian fintech investors are interested in are data analytics, blockchain, lending, payments and regtech, according to Gary Hwa, EY regional managing partner.
On the third day of the Singapore Fintech Festival conference, there was a focus on specific applications of fintech innovation. One was trade finance, which is clearly is ripe for a revolution.
Kicking off day two of the Singapore Fintech Festival, Deloitte Chairman David Cruikshank said that fintech is significant for three reasons. First, customer expectations of services are higher than ever. Second, barriers to entry are lower than before. And finally, financial institutions (FIs) face a threat of what a competitor might do.