Standard Chartered has put together a team of four to provide tailored renminbi (Rmb) solutions to clients.
The Rmb solutions team will, according to the bank, be responsible for “delivering bespoke client solutions to help them best capture opportunities arising from the internationalisation of the Rmb”.
Two of the team members are new to the bank: Carmen Ling, global head the group, joins from Citi, where she most recently held the position of head of global transaction services, Hong Kong. She remains in Hong Kong and reports to Darcy Lai, regional head of origination and client coverage, Northeast Asia.
Lisa O’Connor moves to her position of director, Rmb Solutions from Swift, where she was the initiative director for Rmb internationalisation. She is also based in Hong Kong and reports to Ling.
Caroline Owen, regional head of Rmb solutions, Americas, moves from her role as the bank’s head of debt capital markets, North America. She reports to Jeremy Bollington, head of origination and client coverage, Americas.
Finally, Alexandra Gropp, regional head of Rmb solutions, Europe is based in London and reports to Tarek Anwar, head of origination and client coverage, Europe. She has held a number of roles in the bank’s capital markets team.
Commenting on the appointments, Sean Wallace, group head of origination and client coverage, says: “The liberalisation of the Rmb represents one of the most profound changes in the world’s financial system in generations. We aim to be the leader in providing insights, services and ideas in this area. I am confident that the Rmb solutions team will drive our influence through advice and bespoke solutions.”