Douglas joins Standard Chartered in global ECM role

Less than a year after he left investment banking to become chief financial officer of a French agricultural company, former Lehman Brothers banker David Douglas has been lured back to the industry with a top job at Standard Chartered. The UK-headquartered bank confirmed in a release yesterday that it has hired Douglas as global head of equity capital markets, based in Hong Kong.

The hire is part of Standard Chartered's push into the equities side of the business, which gained pace with the acquisition of Cazenove Asia in January. Since then, the emerging markets focused bank has been making the most of the fact that it has been much less unaffected by the financial crisis than its larger US and European peers by hiring aggressively across its business lines.