Tan trades in Deutsche for Standard Chartered

In a coup for Standard Chartered's trade business, Kah-Chye Tan is to become the new global head of trade finance. Tan leaves his job as head of trade product at Deutsche Bank to take up the new post.

The move comes as Standard Chartered shuffles its trade deck. Ken Stratton who headed global trade sales is moving to New York to become head of the bank's transaction business in the US. Meanwhile, Andrew James who headed trade product has moved to South Korea to manage the commercial bank's integration with its new acquisition Korea First Bank.

In his new role as global head, Tan takes on both the sales and product responsibilities of the trade finance business. He reports to Karen Fawcett, group head of transaction banking, and remains based in Singapore.

Fawcett says Tan will spearhead the development of value-added services for the bank including supply chain and working capital management solutions, the development of trade corridors linking the bank's key geographical markets, and commodity trade finance.

Tan has spent the last four years at Deutsche Bank working closely with Amita Jhangiani. Prior to that he worked at JPMorgan.