Standard Chartered has promoted Henrik Raber to head of capital markets from his position as head of debt capital markets.
Raber's portfolio in the new role consists of global debt capital markets and loan syndication. The role also includes Islamic bonds, also known as sukuks, which is a growing area for the bank.
He will report to Mark Dowie, acting group head of financial markets, and continues to be based in Singapore. This appointment will be effective from August 16. StanChart said in June it is looking for a new group head of financial markets after Lenny Feder left to go on sabbatical.
Raber joined StanChart in July 2009 as the bank’s regional head of debt capital markets for Europe, Africa and the Americas.
In June 2010, he took on the role as head of debt capital markets, a role which he has held until now.
Before joining StanChart, Raber was heading the European credit flow sales business at UBS, where he helped build its European primary markets bond business, and credit sales and trading operations.
Prior to that, he also worked at Lehman Brothers for eight years in fixed income and trading and capital markets.
All change
Raber replaced Anand Kumar, who left the bank recently. Kumar had only started as head of capital markets on October 1 last year.
Raber’s appointment follows some high-level departures in StanChart’s debt business.
Beng Kiong Pee, head of Southeast Asia bond syndicate for StanChart, left the bank earlier this year to join a competitor.
In July last year Peter Szekely, previously global head of high-yield debt capital markets, took on a new role as head of debt capital markets, Southeast Asia.
Also in July, Robert Mason, who was previously head of Southeast Asia high-yield debt capital markets, was promoted to global head of high-yield DCM. In December, Ashish Malhotra was promoted to head of global bond syndicate at StanChart, shortly after joining the bank as head of bond syndicate for Asia earlier last year.
In April last year, Yung Tan, who was head of high-yield product group for Northeast Asia and Greater China, and Shu Duan, an associate director, both left to join BNP Paribas, rejoining their former boss Sameer Sopori, who was previously the global head of the high-yield product group at StanChart.
In March 2013, Anthony Arnaudy, head of debt capital markets for Northeast Asia at StanChart, also left the bank after three years.
The slew of job changes comes at a time when emerging markets growth potential – which constitutes a large portion of StanChart’s profits – is weakening.
A spokesman at the bank noted that while there had been some senior changes, the broader attrition rate at the bank remained in line with peers.
This article was updated to correct the spelling of Sameer Sopori
