Michele Wee, who was the very public face of Deutsche Bank’s Asian electronic trading business until her resignation in April, has re-emerged at Standard Chartered in a newly created role as global head of electronic sales.
She remains in Singapore and leads the bank’s worldwide electronic sales team, executing its electronic strategy across the fixed income, currencies and commodities businesses for all Standard Chartered’s clients in financial markets.
The bank, an emerging-market specialist, is listed on the London, Hong Kong and Mumbai stock exchanges, and now earns more than 90% of its income and profits in Asia, Africa and the Middle East. It has about 1,700 offices in 70 markets, and employs about 85,000 staff worldwide.
The lender’s electronic platform, called Straight2Bank, provides a fully integrated end-to-end conduit for dealing in cash, trade, foreign exchange and securities instruments. It offers a single point of access for transactions, hedging and trade information. Recently it has expanded to incorporate more “sophisticated products”, including “comprehensive spot, forward and swap foreign exchange transacting capabilities in over 100 currencies as well as [some] precious metals”, according to a spokesperson.
Wee reports jointly to London-based Zeeshan Khan, head of e-commerce, and to Adrian Walkling, global head of financial institutions sales, who is based in Singapore. She was previously head of e-FX and e-FI sales for Asia at Deutsche, and has more than 17 years experience in e-commerce and e-platform sales and marketing.
Although, Standard Chartered was unable to say how large Wee’s team is, Walkling said that it “will be staffed adequately to support the needs of our clients, and will work closely with in-country sales to deliver a seamless experience”.
“[Wee’s] e-commerce expertise will be critical in helping us deliver a great online experience for clients accessing our footprint markets of Asia, Africa and the Middle East,” he added.