Stoehr will report to Lenny Feder, group head of financial markets. His successor is yet to be announced.
The industry veteran joined Standard Chartered in April 2012 after a 17-year stint at Credit Suisse, where latterly he became head of fixed income Asia Pacific in January 2009.
While at CS, Stoehr was responsible for origination and execution of international debt transactions out of Asia ex-Japan. Before that, he had been based in London, covering debt capital markets origination for Emerging Europe, the Middle East and Africa.
In his new role, Stoehr replaces Christian Wait, who he replaced as global head of capital markets. Wait has left the bank though his new job could not be confirmed. Wait worked at Lehman Brothers for 23 years prior to joining StanChart in October 2008 in the capital markets role and had then been appointed global head of financial markets sales in June 2011.
DCM changes
Stoehr's move is the latest in the capital markets business which has experience a number of personnel changes, particularly in debt capital markets.
Most recently, Peter Szekely, global head of high yield products, was moved to Singapore from Hong Kong to head of Southeast Asia DCM.
Rob Mason, head of the bank’s Southeast Asia high yield product group, succeeded Szekely as global head of high yield DCM. Mason had joined StanChart last year from BNP Paribas where he last worked as a director of high yield capital markets in London.
Meanwhile, Aaron Russell-Davidson was made acting regional head of capital markets in Southeast Asia in addition to his duties as the UK bank’s global head of bond syndicate. Russell-Davidson assumed the latter position only in March after Cristian Jonsson was elevated to become global head of loan syndications following the retirement of Philip Cracknell from that position. Those appointments became effective on July 5.
Around the same time Tan Kee Phong, Standard Chartered’s former head of capital markets in Singapore, resigned his position to join OCBC in a senior capital markets role.
Tan’s resignation follows the departure of two other directors from Standard Chartered Singapore’s capital markets desk — Donna Kng and Lay Hoon Khoo — who have reportedly left for OCBC in the past two months.
Meanwhile, in Hong Kong, Yung Tan, the former director and head of Northeast Asia and Greater China high yield product group, joined BNP Paribas as the head of North Asia high yield capital markets at a managing director level this year.
Yung Tan followed Shu Duan, who was an associate director in Standard Chartered's Northeast Asia and Greater China high yield product group who reporting to Tan. Shu left the bank to join BNP in early June, focusing on high yield and private debt financing.
Both Yung Tan and Shu joined Sameer Sopori, a managing director and the head of high yield capital markets, Asia Pacific, at BNP Paribas. Sopori is also a former Standard Chartered man, having left his job as global head of the bank’s high yield product group to assume his own role at BNP Paribas in November 2012.
The changes in the Hong Kong DCM office comes after Anthony Arnaudy, formerly a managing director and head of Northeast Asia DCM, left the bank. Arnaudy’s former responsibilities were assumed by Karby Leggett, who was elevated to head of capital markets, Northeast Asia, at the end of 2012, and Tee Choon-Hong, global head of CNH capital market products at Standard Chartered, whose role was expanded to include a broader China focus.
In April, Joseph Lance also joined Standard Chartered as a managing director on the bank’s DCM desk for Northeast Asia, most recently joining from Credit Suisse in New York where he was the head of DCM for oil and gas, power and project finance.
His appointment came as Ashish Malhotra, head of DCM at Bank of America Merrill Lynch, left the US bank to become the head of Asia syndicate at Standard Chartered. He accepted that role less than one month after being promoted to his last role at BoA-Merrill. Malhotra is based in Hong Kong.