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ANZ's Singapore credit trading team poached by StanChart, says report
The Straits Times
|January 29, 2025
The entire Singapore-based credit trading team of Australian bank ANZ has been poached by rival Standard Chartered Bank, according to the Australian media on Jan 28.
The Australian newspaper quoted sources saying staff at ANZ's credit trading arm revealed plans to leave the bank on Jan 27, reportedly jumping ship to StanChart.
The report, which did not mention how many people made the move, said ANZ insiders estimated the Asia credit trading business brought in as much as A$70 million (S$59.2 million) in annual revenue for the bank.
Both ANZ and StanChart declined to respond to queries from The Straits Times.
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