The bank says it chose Singapore for the Asia-Pacific desk because local regulators have been developing this market with legislative reforms, joint ventures with international exchanges like NYMEX, and tax incentives for investors.
Standard Chartered's commodity-derivatives team will cover the full spectrum of precious metals, base metals, energy and soft commodities. The product offering will range from vanilla swaps to innovative and cross-market derivatives solutions.
An immediate market presence has been established with the hiring of a team from Commerzbank headed by Jeremy East, who...
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