UK banking giant Standard Chartered has announced that Karin Flinspach, Citibank’s Head of Payment and Receivables, will take up a leading role in its international Transaction Banking Division.
The post, which is effective immediately, sees Flinspach named Head of Currency Products, based in Singapore, where she will report to Global Head of Product Management George Nast. She will be responsible for developing and managing the bank’s cash capabilities in payables and liquidity products.
The appointment is the latest in a string of new hires at Standard Chartered, with some suggesting that waning forex revenues and lacklustre stock performance may be behind the bank’s desire to rejuvenate its personnel. In the last two months alone, a new FX Director and Head of FX Sales, whilst CEO Peter Sands is rumoured to be in a vulnerable position.
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Frank Vang-Jensen, who was appointed in March 2015, apparently went against the Swedish bank’s decentralised model.
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