Senior ANZ Credit Traders Depart for Standard Chartered Amid Active Market
In a move indicative of the vibrant regional market, several senior credit traders have moved from ANZ Group Holdings Ltd. to Standard Chartered Plc.
Sources close to the matter reported that Ming Wo, Duncan Robinson, and Adam Hall, all based in Singapore, have left ANZ. Wo, a Director with nearly two decades at ANZ, announced his departure on LinkedIn. Robinson joined ANZ in 2022 as head of crossover and overlay, previously holding the position of global head of emerging markets flow trading at Standard Chartered. Hall was head of credit trading for Asia, according to sources.
Spokespersons for both ANZ and Standard Chartered declined to comment, and the traders could not be reached for immediate response.
The departures occur amidst an active market in the region, where trader mobility is common. Despite concerns, global investors continue to demonstrate strong demand for credit, and Asia Pacific borrowers have issued approximately $40 billion in US-dollar denominated bonds in January alone, a 47% increase year-over-year.
Analysts anticipate continued rebound in hard-currency issuance from Asia in 2025.
ANZ's departure follows a series of scandals within its markets division.