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.
Following outrage over the UK's BBC gender pay gap, Altify has released data showing gender inequality hurts commercial businesses’ bottom line while diverse companies retain more business.
The bank is using Twitter and LinkedIn in its search for talented graduates, reports the Financial Times.
A study of UK chief financial officers (CFOs) by recruitment consultant Robert Half finds that most nurture ambitions to take over the chief executive’s role.
Urjut Patel has been named as the new governor of the Reserve Bank of India (RBI) and will succeed Raghuram Rajan, whose term ends on September 4.