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StanChart bank sales chief departs

22 Feb 2011

The UK-headquartered bank has lost Beecho Sim, its head of banks sales for South-east Asia. She ran a team of nine people and had been with the bank for five years.

Beechoo Sim, Standard Chartered’s head of bank sales for South-east Asia has departed the bank and is tipped for a similar role at a Japanese bank, possibly Daiwa Capital Markets, observers speculate.

Sim, who could not be reached for comment, focused on foreign exchange and interest rate flow product sales and was in charge of approximately nine staff. She had been with the bank for five years and was based in Singapore.

She reported to Ramesh Swamy, the firm’s head of financial institutional sales for South and South-east Asia. He is responsible for sales across all financial institutions in the region.

Swamy moved to StanChart from J.P. Morgan last year, where he was a managing director and head of Asia ex-Japan sales. The US bank replaced Swamy with Shankar Hari, who was previously head of Asian rates and solutions for the same firm.

A spokeswoman for the StanChart did not return calls seeking comment. A spokesman for Daiwa could not be reached.

22 Feb 2011