Standard Chartered has appointed Michael Spiegel as global head of trade, effective January 2. Based in Singapore, he reports to Lisa Robins, global head, transaction banking.
Spiegel brings to the bank more than three decades of experience working across Europe, the US and Asia. He joins from 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.
“What attracted me about Standard Chartered is the strength of its network and presence across some of the world’s most dynamic trade corridors. Now more than ever, clients look to us to facilitate their cross-border commercial needs,” says Spiegel.
Standard Chartered is focused on investing and innovating in the way global trade finance operates to improve the client experience. Most recently, the bank announced its strategic investment into Linklogis, a Chinese blockchain-enabled supply chain financing platform, to enhance its joint supply chain ecosystem proposition.
It also introduced SC GPI Track, a publicly accessible portal that offers its clients the ability to trace all cross-border payments cleared through the bank’s major clearing centre. Earlier in 2019, the bank also announced a strategic collaboration with SAP Ariba to make its financial supply chain solutions easily accessible to businesses through Ariba Network.