Christian Wait moves up the ladder at StanChart

Standard Chartered has promoted Christian Wait to global head of financial markets sales from his current position as group head of capital markets. The new role charges Wait with delivering risk management, investment and financing solutions to corporate, government and financial institution clients across Asia, Africa and the Middle East. A Standard Chartered spokesperson clarified that the bank has 600 team members in its global financial markets sales team.

Wait will continue to be based in Singapore where he moved in 2008 to take on the capital markets role and will continue to report to Lenny Feder, who is group head of financial markets and is also Singapore based. A replacement for Wait’s earlier role is yet to be announced, said the spokesperson.

Standard Chartered hired Wait in 2008. He brought to his new job experience gained over a 23-year career with Lehman Brothers. Wait was global head of credit sales for Lehman, based in New York, when the US investment bank filed for bankruptcy. Other positions he held at Lehman include: head of debt capital markets for Europe and Asia; global head of collateralised debt obligations and structured credit sales; global co-head of syndicate; and global head of money markets.

Wait has been instrumental in building Standard Chartered’s capital markets business and has also led the team’s successful management of the overall debt platform of loans, bonds, asset-backed securities and convertibles portfolios, said a written statement.

“I am confident that with Christian’s depth of experience and strong sales background, he will effectively lead the bank’s financial markets sales teams to further deepen our client relationships and drive the execution of our client-focused strategy across our [foreign exchange], rates, credit, commodities and equities businesses,” said Feder in the statement.