Standard Chartered Promotes Two in Latest Restructuring Move

Standard Chartered has promoted a pair of veterans across its European operations, as both Spencer Maclean and Hussain Zaidi find themselves in new roles, according to a recent Reuters report.

More specifically, Mr. Maclean has been promoted to the role of Head of Americas and European Capital Markets at Standard Chartered. Previously, his main function was confined to Europe, having served as the Head of Debt Capital Markets (DCM) in the region – he will now focus on the Americas as well as part of his duties.

He stepped into the role of Head of DCM – Europe last year, after originally joining Standard Chartered back in 2010 as its Head of Syndicate for the Western Hemisphere. Prior to Standard Chartered, he also held senior level roles at Deutsche Bank and Credit Suisse, dating back to 1997. In these capacities he held the respective roles of Director of Emerging Markets (EM) Syndicate and EM Syndicate.

Meanwhile, Mr. Zaidi has been promoted to the role of Head of European Bond Syndicate. The promotion is his first progression at the company since joining the lender back in 2005. For over a decade he has worked as the Executive Director on the Bond Syndicate Desk. As a result of the shifting responsibilities, he will be reporting to Ashish Malhotra, Standard Chartered’s Global Head of Bond Syndicate, as well as to Mr. Maclean.

The promotions are the first announced moves at Standard Chartered this year and the first since the announced departure last month of Nitin Gulabani, the group’s Global Head of FX, Rates and Credit. Mr. Gulabani had originally joined Standard Chartered back in 2007, having worked initially as its Global Head of Interest Rate Derivatives while based out of Singapore.