David Douglas to leave Standard Chartered by end of March

David Douglas, the global head of equity capital markets at Standard Chartered, will leave the bank at the end of March, sources said yesterday.

Douglas, who is based in Hong Kong, has been with the UK-headquartered bank for three-and-a-half years and has overseen the build-up of a meaningful ECM business that gained pace after the takeover of Cazenove Asia in January 2009. Prior to that acquisition, Standard Chartered wasn’t particularly involved in equity capital markets, but ECM products are now among its basic offerings to clients and the bank has become a relatively frequent bookrunner on IPOs, follow-ons and CBs.

It has been particularly...