Standard Chartered has appointed Deutsche Bank veteran Michael Spiegel as its Singapore-based Global Head of Trade.
Spiegel brings more than three decades of experience working across Europe, the US and Asia. He joins from Deutsche Bank where he shaped the global trade finance and cash management offering in various roles, including Global Head for Trade Finance and Corporate Cash Management. He has also held senior roles in client coverage and had regional management responsibilities at the Executive Management Committee level. Spiegel replaces Farooq Siddiqi, who moved to Falcon Group as CEO of Southeast Asia in November last year.
Based in Singapore, Spiegel will report to Lisa Robins, Global Head of Transaction Banking at Standard Chartered and another former Deutsche Bank employee.
Commenting on the appointment, Robins said: “We’re delighted to have Michael join us as we embark on the next phase of the evolution in our Transaction Banking business. His expertise will be key in strengthening our position as a leading transaction bank working with our clients across close to 150 markets.”
Spiegel added: “What attracted me about Standard Chartered is the strength of its network and presence across some of the world’s most dynamic trade corridors. Now more than ever, clients look to us to facilitate their cross-border commercial needs. I look forward to supporting our clients using Standard Chartered’s unique footprint and expertise.”