Standard Chartered appoints new head of trade


Daniel Webber
Daniel Webber
Founder & CEO
Daniel is Founder and CEO of FXcompared and has 18 years of experience in the international finance world focusing on cross-border payments, technology and the property sectors. Daniel is widely… Read more
  • Firm appoints Michael Spiegel, who has a lot of relevant experience including a stint at Deutsche Bank
  • He has taken up his role this month, and will report to the Global Head of Transaction Banking
  • “What attracted me about Standard Chartered is the strength of its network and presence across some of the world’s most dynamic trade corridors,” said Spiegel

Global financial institution Standard Chartered has announced that it has appointed a new global head of trade.

The firm announced that Michael Spiegel will work in the role, which will pertain to cross border payments for the company’s clients.

Spiegel has worked across a range of markets, including in North America and Europe.

He has also worked in Asia during the course of his career, which has so far spanned three decades.

His most recent role was at Deutsche Bank, and there he was responsible for global trade finance and cash management.

He worked in several positions during his time at Deutsche Bank, including one stint as global head for trade finance and corporate cash management.

He has worked in client coverage as well and has also worked on executive management committees – meaning that he has lots of relevant experience to bring to the Standard Chartered table.

In his new role he will be based in Singapore.

Spiegel took up his role this month, and his immediate superior is Lisa Robins – who serves as global head of transaction banking.

In a statement, Robins praised the “expertise” of Spiegel in relation to international money transfers.

“We’re delighted to have Michael join us as we embark on the next phase of the evolution in our Transaction Banking business”, she said.

“His expertise will be key in strengthening our position as a leading transaction bank working with our clients across close to 150 markets”, she added.

Spiegel added his own perspective on his appointment – saying that it may help improve “cross-border commercial needs”.

“What attracted me about Standard Chartered is the strength of its network and presence across some of the world’s most dynamic trade corridors”, he said.

“Now more than ever, clients look to us to facilitate their cross-border commercial needs. I look forward to supporting our clients using Standard Chartered’s unique footprint and expertise”, he added.

Standard Chartered, which is listed both on the London Stock Exchange and the Hong Kong Stock Exchanges, has established offices in 60 markets around the world.

In terms of operating services more generally, it has a presence in almost 90 markets.

It has been in the cross border payments news a number of times in recent months.

One such appearance was for the introduction of SC GPI Track, a service which is designed to improve the ability of the firm’s clients to trade international money transfers.

Standard Chartered is one of many organisations in the remittance sector which are working hard to build high-quality teams. Check out more about what these organisations are up to here.

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