Standard Chartered announced today that the bank has appointed Michael Spiegel as Global Head, Transaction Banking, following Lisa Robin’s decision to quit banking after an illustrious career of four decades.
According to the announcement, Spiegel’s appointment will be effective from January 1, 2021, and is subject to regulatory approval. The bank also mentioned that effective January 7, 2021, Kai Fehr will join the bank as Global Head of Trade from Wells Fargo where he served as Global Head of International Trade Services.
Spiegel joined Standard Chartered as Global Head of Trade in January 2020 and brought more than three decades of experience working across the US, Europe, and Asia. His professional career covers different roles from trade finance to client coverage.
Prior to Standard Chartered, Spiegel worked at Deutsche Bank for more than three decades in different roles including Global Head of Trade Finance and Corporate Cash Management, and Head of Commercial and Networking Banking.
Commenting on the appointment, Simon Cooper, CEO of Corporate, Commercial & Institutional Banking at Standard Chartered, said: “Transaction Banking is in our DNA, from navigating global trade winds for more than 100 years to collaborating with new technology companies in the Payments space. Michael will take the baton from Lisa at a time when we’re transforming our business on behalf of our corporate and financial institution clients and to continue playing a leading role in enabling sustainable trade flows around the world.”
New Global Head of Trade
Furthermore, the bank welcomed Kai Fehr as Global Head of Trade. While expressing his views about Fehr and Robins, Cooper said: “We’re delighted that Kai, with his extensive experience, is joining us to lead our vital Trade team. I would also like to take this opportunity to thank Lisa for her contribution to Standard Chartered’s Transaction Banking franchise, as well as her leadership of this core business during a very challenging period.”
