Standard Chartered has hired Peter Heidinger as global head of financial institutions, based in Singapore.
Heidinger will report to Sean Wallace, who is group head of origination and client coverage at Standard Chartered. He is responsible for “deepening relations with the bank’s important financial and government institutional clients”, said Standard Chartered in a written memo announcing the hire. Heidinger will also drive the execution of Standard Chartered’s client-focused strategy in this segment.
Most recently Heidinger was head of investment finance in Asia-Pacific for Citi’s private bank. He is a Citi veteran who joined the US bank in 1998 as a senior banker based in London responsible for insurance and fund manager coverage. Between 2004 and 2009, he was responsible for financial institutions coverage in Asia-Pacific. He started his banking career at the Royal Bank of Canada in 1986 and then moved with RBC to the UK in 1996 to head its European non-bank financial institutions business.
Standard Chartered becomes the latest bank to strengthen its financial institutions group (FIG) as banks gear up to offer advice to the fast-growing banks in the region. In January, ING's commercial banking arm appointed Jae Woong Park as head of financial institutions for Asia, charged with building ING’s financial institutions business across the Asia-Pacific region. Then in April, Citi poached David Khoo from Royal Bank of Scotland to cover FIG clients in Asean.
Last month, UBS hired Aashish Kamat for a new role supporting financial institutions coverage at the investment bank. Kamat will work alongside bankers in FIG to structure customised investment banking solutions and products for its clients, reporting directly to the co-chairmen and CEOs of UBS in Asia-Pacific. Earlier this month, Rob Jesudason, the head of FIG for Asia-Pacific at Credit Suisse, was appointed head of a new global emerging markets team within FIG. Jesudason’s Asia-Pacific FIG job was taken over by Simon Yuan and Nicolo Salsano.
