Soon Huat Tng has joined Standard Chartered as a director in the structured trade solutions team, based in Singapore.

He will report to Farooq Siddiqi, global head of trade and transaction banking at the bank. Tng most recently worked in ANZ’s structured commodity finance team, leaving the role in March.

He spent four years with the Australian bank and his departure is further evidence of the bank’s withdrawal from much of its Asian trade finance business. He previously worked in commodity-linked and ECA financing at JP Morgan, before which he had spells in Deutsche Bank’s structured commodity team and ING’s commodity’s business.

Tng is a banker with more than 10 years’ experience in this business in Singapore, and Siddiqi tells GTR: “Soon Haut is a great addition to our growing structured solutions business within trade, in Singapore. His extensive experience across several trade products and his excellent client connections in the region will allow us to continue to serve our clients better and strengthen our trade business.”