StanChart cuts could trigger more departures

The Asia-focused British bank is closing its equity derivatives and convertible bond divisions. Headhunters think this could cause more departures in investment banking.

Richard Morrow

October 26, 2015

Standard Chartered’s decision to close its equity derivatives and convertible bond units is expected to have a demoralising effect on investment banking employees in other divisions and may prompt additional departures, industry observers and recruiters predict.

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