StanChart continues equities push with new sales head

Ex-Deutsche banker Tom Welch joins Standard Chartered’s growing equities business.

Standard Chartered is continuing its push into equities with the hire of Tom Welch from Deutsche Bank. The British bank has been building its cash equities business in Hong Kong since its acquisition of the Cazenove Asia business from J.P. Morgan Cazenove in January last year.

Welch, who resigned from Deutsche in April and will take on the role of global head of cash equities sales, is the third senior banker to defect from the...

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