Standard Chartered is beefing up its renminbi services by setting up a global trading team for the Chinese currency.
The team will be led by Charles Feng, global head of RMB trading, who will also remain as regional head of FX, rates crediting trading for Northeast Asia.
It will focus on providing clients with pricing, financial market product solutions and will work together with the bank’s existing RMB and client coverage team.
The global RMB trading team comprises traders in Hong Kong, Shanghai, Taipei, London and New York. Feng is based in Hong Kong and reports to Nitin Gulabani, global head of FX...