Standard Chartered has a new line-up as Anand Kumar takes over capital markets from Carsten Stoehr, who has moved up to become global head of financial market sales. But rather than suggest the bank is shifting direction, the changes underpin its commitment to greater cross-department collaboration, according to Lenny Feder, global head of financial markets, writes Lorraine Cushnie.
Kumar became global head of capital markets on October 1. For those outside the bank he was a surprise choice as while he has been at Standard Chartered since 2004, he is lacking in capital markets experience.
Most recently he was regional head of client coverage, southeast Asia, looking