Ashish Malhotra to join StanChart as new head of syndicate Asia

Ashish Malhotra will be joining Standard Chartered as its new head of syndicate Asia, a source confirmed with FinanceAsia. He will be based in Hong Kong and report to Aaron Russell Davison, the head of global bond syndicate for Standard Chartered.

Malhotra left Bank of America Merrill Lynch late last week a surprising departure as he had just been promoted to head of DCM for Asia a month ago. He is currently on gardening leave.

It is possible that the opportunity to work at a different firm with a growing footprint in both local currency and dollar bonds had some appeal. Standard Chartered is placed...