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Standard Chartered Bank today announced two senior appointments in Financial Markets.
Vinod Aachi has been appointed the Global Head of Structuring. This is a newly created position with responsibility for further developing structuring into a world class value added function. Aachi will be a member of the Financial Markets Management Committee and report directly to Lenny Feder, Group Head of Financial Markets. He will be based in Singapore.
Aachi joins from Deutsche Bank where he was previously responsible for all structuring for Asia, based out of Hong Kong and Singapore. He joined in 1997 in their Hong Kong Global Relative Value Group, which structured derivative products across Asia ex-Japan. Over his 11 years at Deutsche he helped build a market leading capability in structuring, covering a wide range of products including fixed income, credit, currency, equity, commodity and hybrid derivatives. Deal structuring responsibilities included idea generation, pricing, co-ordination with trading desk, sales, credit, legal and regulatory clearances. In 2002, Aachi was promoted to lead the division.
Prior to this, Aachi was a Non-Deliverable Forwards Swap Trader at JP Morgan in Singapore, a Fixed Income Research Analyst with ICICI Securities in Mumbai and a Systems Executive for TATA-IBM in Mumbai.
“I am delighted to be joining Standard Chartered Bank, and I look forward to working in a world class financial markets team,” said Aachi. “I will be kicking off with a team of over 50 people, and I am very confident that we will rapidly increase the value for our clients in every asset class.”
“Aachi has a fantastic track record and is a natural fit in our culture,’ said Lenny. “With his wealth of experience, he will be instrumental in developing our structuring capability into a key driver of the financial markets business.”
Vincent Van Pelt has been appointed as the Global Head of Equity Derivatives and Commodities. This newly created position brings together responsibility for Equity Derivatives and Commodities. Vincent will have responsibility for all trading, risk and product activities and joint responsibility for the sales teams. These businesses were created in the past two years and have massive potential for growth across the Bank’s footprint. They are at a stage where they will benefit from a leader with expertise to develop them from start-up stage to scale businesses. Both businesses will remain completely distinct. Vincent will join the Financial Markets Management Committee and report directly to Lenny Feder. He has moved from London to be based in Singapore.
Vincent joins from Bear Stearns, where he spent 14 years, most recently as Co-Head of European Equities (cash, derivatives and prime brokerage) and a member of the European Executive Committee. In this position Vincent led over 300 professionals across sales, trading, structuring and research. Vincent has built a number of substantial businesses during his career. He was the first equity derivatives employee in Europe, charged with building the business from scratch. Under Vincent’s leadership, Equity Derivatives became Bear Stearns’ most profitable non-U.S. business.
Prior to this, Vincent held a range of sales and trading positions with Bankers Trust Company from 1987 to 1994 in New York, Tokyo and London.
“The Equity Derivatives and Commodities markets are growing rapidly in Asia and the Middle East,” said Vincent. “I’m thrilled to be joining Standard Chartered. Our client footprint in these regions is unrivalled and we have an opportunity to deliver a world class product to our customers. We are superbly placed and I see enormous potential.”
“I’m excited to have Vincent on board. He is a world class leader and an outstanding business builder,” said Lenny. “I am confident that Vincent will capitalize on the huge opportunities in our footprint and take us to a market leading position.”
