StanChart hire

StanChart hires Patrick Lee to head origination in Singapore

Patrick Lee, previously head of Southeast Asia banking at Nomura, resurfaces at Standard Chartered.

Standard Chartered has appointed Patrick Lee as head of origination and client coverage (OCC), and co-head of Singapore wholesale banking. Lee joined the bank on Tuesday and reports to Ray Ferguson, Standard Chartered’s chief executive for Singapore, and Anand Kumar, regional head of origination and client coverage for Southeast Asia. He is based in Singapore.

Lee joined Standard Chartered after four years as head of Southeast Asia investment banking at Nomura. Before that, he was head of investment banking for Singapore and Malaysia at UBS and had originally joined Lehman Brothers in 2008, shortly before it collapsed, and moved over to Nomura after the Japanese bank bought the Asian unit of Lehman Brothers. He has also held senior client coverage roles at Credit Suisse and Morgan Stanley in the past.

Lee replaces Philippe Touati, who left Standard Chartered in April this year. In his new role, he will lead the Singapore origination and client coverage team, and focus on deepening its relationships with existing clients and attracting new clients. As co-head of wholesale banking for Singapore, he will have a broad remit, including transaction banking, corporate finance, financial markets (including capital markets and equities, commodities and fixed-income trading) and principal finance.

He left Nomura in June, after departures from a number of former Lehman bankers — including Jasjit Bhattal, who helped negotiate the sale of Lehman’s business to the Japanese bank. Lee was replaced by Kelvin Ho, who now heads Southeast Asia investment banking at the Japanese firm.

“I am excited to have Patrick join the bank,” said Sean Wallace, group head of origination and client coverage. “His extensive banking experience in client coverage roles will be a strong addition to the OCC team. I have no doubt that under Patrick’s leadership we will strengthen our ability to provide clients with world class solutions and continue the growth of our business in Singapore and across our markets.”

¬ Haymarket Media Limited. All rights reserved.
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