The new Financing and Securities Services unit brings together Securities Services (currently under Transaction Banking) and Portfolio Risk Management in the Financial Markets business.
Standard Chartered Bank has appointed Margaret Harwood-Jones, currently global head of Securities Services, and Emmanuel Ramambason, now global head of Portfolio Risk Management, as co-heads of its new Financing and Securities Services unit.
Harwood-Jones has been with the bank since 2013, and previously spent 10 years at BNP Paribas Securities Services. Hoornweg joined the firm in 2017, previously had stints at Brevan Howard, UBS, and Morgan Stanley, where he spent 17 years, according to their LinkedIn profiles.
The pair, based in Singapore, report to Roberto Hoornweg, global head of Financial Markets.
Financing and Securities Services will include all 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 Ddsk, credit valuation adjustment and the modeling and analytics group, the statement said.
This would bring greater alignment of its Prime business within Portfolio Risk Management, and further enhance the synergy between Financial Markets and Transaction Banking, said Hornweg.