Standard Chartered appoints Michael Spiegel as Global Head, Transaction Banking
Standard Chartered today announced that Michael Spiegel has been appointed Global Head, Transaction Banking. The appointment is effective January 1, 2021 and is subject to regulatory approval.
The management change follows Lisa Robins’ decision to retire from banking after a distinguished four-decade career.
Mr Spiegel joined the bank at the beginning of the year, bringing more than three decades of experience working across Europe, the US and Asia in roles ranging from trade finance and cash management to client coverage.
Prior to joining Standard Chartered, Mr Spiegel worked at 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.
Also today, Standard Chartered announced that, effective January 7, 2021, Kai Fehr joins the Bank as Global Head of Trade.
Fehr joins from Wells Fargo, where he was Global Head of International Trade Services. He previously led trade finance and working capital teams in Asia Pacific for Barclays and UniCredit.
Simon Cooper, CEO of Corporate, Commercial & Institutional Banking at Standard Chartered, said:
“Transaction Banking is in our DNA, from navigating global trade winds for more than 100 years to collaborating with new technology companies in the payments space. Michael will take the baton from Lisa at a time when we’re transforming our business on behalf of our corporate and financial institution clients and to continue playing a leading role in enabling sustainable trade flows around the world.”
He added: “We’re delighted that Kai, with his extensive experience, is joining us to lead our vital Trade team. I would also like to take this opportunity to thank Lisa for her contribution to Standard Chartered’s Transaction Banking franchise, as well as her leadership of this core business during a very challenging period.”