Hong Kong DCM head Szekely leaves StanChart

Peter Szekely, head of debt capital markets for Hong Kong, resigns from the bank while ex-StanChart banker Tammy Leung joins Bank of America Merrill Lynch.

Peter Szekely, until recently the head of debt capital markets for Hong Kong at Standard Chartered, has left the bank and is joining another bank to take up a Hong Kong-based regional coverage role, according to a source familiar with the matter.

A spokeswoman for the bank confirmed his departure. “We can confirm that Peter Szekely has resigned and left the Bank on 6 August 2015 to pursue other interests," she said. "We wish him well in his future career endeavours”.

Szekely joined Standard Chartered in 2011 to run its global high-yield product group. He had previously worked at independent advisory firm StormHarbour.

Before joining the advisory, Szekely was a managing director on Morgan Stanley's leveraged finance team. He was hired in 2006 to set up and run Morgan Stanley’s leveraged loans business for Asia-Pacific, including Japan and Australia, focusing on leveraged buyouts and mezzanine and situational financing.

Peter Szekely

Prior to that, Szekely worked as a director at Credit Suisse and headed up the bank's Hong Kong leveraged finance business. He declined to comment when contacted by FinanceAsia.

Standard Chartered has seen a fair bit of churn within its debt capital markets team in the past few months. Tammy Leung, a director who previously covered high-yield at Standard Chartered left the firm and has joined Bank of America Merrill Lynch, covering China debt capital markets, according to another informed source.

A spokeswoman from Bank of America Merrill Lynch declined to comment.

Eugene Lee, who also covered high-yield at StanChart, made his departure a while back. But the firm has been bumping up headcount, too. Earlier this month, it hired David Yim as head of debt capital markets across Greater China. The firm also hired Fredric Teng as its head of greater China high-yield a few months back. The team is helmed by Aaron Russell-Davison, head of DCM who stepped into his current role in January.

The British-headquartered emerging markets-focused bank has witnessed broad changes under chief executive officer Bill Winters, who took the helm and announced a new management team in July. As part of the changes, Winters is taking direct responsibility for the bank's main business lines in October when the new team is formally installed.

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