Standard Chartered hires a global head of trade in Singapore as its transaction banking business undergoes a tech-fueled transformation.
Michael Spiegel joins in his new role reporting to Lisa Robins, global head of transaction banking at Standard Chartered. Spiegel has over 30 years of experience in Europe, the U.S. and Asia and was most recently with Deutsche Bank where he held various senior roles such as global head for trade finance and corporate cash management. Previously, he also held senior positions in client coverage and at the bank’s executive management committee.
The new hire coincides with what Robins calls the «next phase of the evolution in [Standard Chartered’s] transaction banking business» with various tech-related milestones to boast for in recent times.
Earlier this month, the bank made a strategic investment into Linklogis, China’s leading blockchain-enabled supply chain financing platforms to expand its ecosystem of partners. In the same week, it also became the first bank to introduce a public portal for real-time tracking of cross-border payments called «SCI GPI Track».
