Yung Tan, a director and head of Northeast Asia and Grater China high yield product group, left Standard Chartered on April 8, marking the latest departure at the bank in recent weeks.
Tan had reported to Peter Szekely, global head of high yield, who himself joined the bank in July 2011. Both were based in Hong Kong.
Standard Chartered declined to comment on the news. There is no word on Tan’s next move.
Tan’s departure comes one month after Anthony Arnaudy, managing director and head of Northeast Asia debt capital markets (DCM) at Standard Chartered, was let go from bank after three years in his role.
Arnaudy, also based in Hong Kong, had joined Standard Chartered in early 2010, joining from Nomura, where he was head of debt capital markets in Asia ex Japan.
Asiamoney PLUS sources say that Arnaudy’s former responsibilities have been 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 has been expanded to include a broader China focus.
Standard Chartered has seen a number of moves since global head of capital markets Carsten Stoehr assumed his role in February 2012. Stoehr joined from Credit Suisse, where he was head of fixed income in Asia Pacific.
During this time, Singapore-based Cristian Jonsson, former global head of bond syndicate, was named global head of loan syndications after long-time loans banker Philip Cracknell retired in March 2013. Aaron Russell-Davison was named to replace Jonsson as global head of bond syndicate.
Meanwhile, in November, the bank announced that Justin Crane, who had run Asian loans syndicate at Credit Suisse, would join Standard Chartered in 2013 as global head of loan distribution. He replaced David Kempton, who now focuses on Southeast Asian loans.