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FOREIGN EXCHANGE | Staff Reporter, Hong Kong

StanChart establishes Global RMB Trading team for clients

It'll comprise traders across key markets.

In a release, Standard Chartered announced the establishment of the Global RMB Trading team in Financial Markets.

Led by Charles Feng, Global Head of RMB Trading, and Regional Head of FX, Rates & Credit Trading in Northeast Asia, the Global RMB Trading team comprises traders across key markets in Hong Kong, Shanghai, Taiwan, London, and New York, with additional support from trading teams in other locations.

As RMB gains traction in its use and acceptability globally, Standard Chartered has seen rising investment and hedging demand from clients globally on RMB products. Clients are looking for seamless pricing and information round the clock.

They also want to understand the market opportunities and implications from regulatory changes relating to the rapid development in RMB internationalisation. The Global RMB Trading team has the dedicated focus of sharing such information across the Bank’s network, beating time zone differences and ensuring global pricing consistency for all our clients.

Commenting on this initiative, Nitin Gulabani, Global Head of FX, Rates and Credit, said, “I am very excited that we now have a global trading team supporting our clients 24/7. Being available round the clock means that we are better able to provide clients with more transparent and consistent pricing and equip them with timely and relevant solutions for risk management.”

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