Exclusive: Mark Webster Leaves Standard Chartered

A spokesperson for Standard Chartered confirmed to Finance Magnates that the company’s Global Head of FX Sales, Mark Webster, is leaving the company. He has been with the firm for a little over 4 years after joining from RBS.

Mr Webster will be dedicating his time to more personal matters and according to the spokesperson is not intending to immediately join another firm. Before joining RBS, he worked as Head of FX Sales at Bank of America Merrill Lynch for almost a decade. Haroon Sana will be taking over Mr Webster’s role at Standard Chartered. He joined the company as Head of Financial Markets Sales for Europe and Global Head of Rates Sales. Mr Sana was previously employed by Deutsche Bank and Scotiabank in London. He joined Standard Chartered in April this year. Standard Chartered provides a wide range of FX products including spot trading, FX Forwards FX Forwards FX forwards are contracts occurring within the foreign exchange market where market participants lock in exchange rates for the buying or selling of a currency on a predetermined date. Sometimes known as currency forwards, FX forwards can be thought of as a customizable hedging approach.In this sense, upfront margin payments are not required and all contracts are over-the-counter (OTC) due to the decentralized nature of the foreign exchange market. Popularity of FX ForwardsFX forwards are popula FX forwards are contracts occurring within the foreign exchange market where market participants lock in exchange rates for the buying or selling of a currency on a predetermined date. Sometimes known as currency forwards, FX forwards can be thought of as a customizable hedging approach.In this sense, upfront margin payments are not required and all contracts are over-the-counter (OTC) due to the decentralized nature of the foreign exchange market. Popularity of FX ForwardsFX forwards are popula Read this Term and FX options. The bank is delivering access to G10 and emerging markets currencies via traditional voice and electronic trading.