StanChart said to review Asia commodity finance business as top exec leaves

Standard Chartered is the latest major financial institution to review its business in commodity trade finance following a series of defaults in the sector.

The bank’s top trade finance executive - global head of commodities and Asia financial markets chief Cengiz Belentepe - is leaving his position at the bank to be replaced by John Tan, according to sources and an internal memo seen by Fastmarkets. Standard Chartered's trade finance and broader financial markets executive team are being reshuffled as a result. "Our commodities business is a critical value proposition for our clients, across both the corporate and...

Published

Archie Hunter

September 08, 2020

04:41 GMT

London