Standard Chartered forms new Financing and Securities Services unit

Standard Chartered today announces the establishment of a new unit. The bank is combining Securities Services (currently within Transaction Banking) with Portfolio Risk Management in the Financial Markets business to form the new Financing and Securities Services unit.

Financing and Securities Services will include all of Standard Chartered’s existing Securities Services activities including Custody, Clearing, Fiduciary and Fund Services, and Securities Lending, as well as all Portfolio Risk Management activities across Prime Services, Money Markets, Central Funding Desk, Credit Valuation Adjustment and the Modelling and Analytics Group.

Margaret Harwood-Jones, who currently serves as Global Head of Securities Services, will co-head the new unit with Emmanuel Ramambason, who is now Global Head of Portfolio Risk Management. Both Margaret Harwood-Jones and Emmanuel Ramambason will report to Roberto Hoornweg, Global Head of Financial Markets.

Roberto Ramambason said: “This combination will allow greater alignment of our Prime business within Portfolio Risk Management, and harmonise our offering in financing, custody and clearing, as well as fund services for our clients. It will also further enhance the synergy between Financial Markets and Transaction Banking within our Corporate, Commercial & Institutional Banking business, to ensure we are fully equipped, relevant, and best-placed to service our clients.”