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Derivatives

Standard Chartered Appoints Global Fx Trading Head

Standard Chartered has hired Nick Beecroft, previously global head of spot and proprietary trading at Deutsche Bank, as global head of foreign exchange trading. He started on Tuesday and reports to Jared Chase, group head of global sales and trading in London.

This is a new position for the bank, according to Beecroft. Previously Standard Chartered managed spot and forward FX on a geographic basis. By merging spot, forwards and options into one global trading function it hopes to offer clients access to all products.

Beecroft said he voluntarily left his position as global head of the spot and prop trading desk at Deutsche Bank in 1999 to work as proprietary trader for the firm. He said, "I moved to Standard Chartered because I was once again ready for an exciting managerial challenge."

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