Standard Chartered poaches CB exec from Citi

Standard Chartered Bank continues to make use of the downturn in the financial industry to expand its own investment banking business in Asia, with sources saying yesterday that it has hired convertible bond specialist Ronnie Potel from Citi to head its equity-linked origination team.

Potel, who was a director and head of equity-linked origination for Asia-Pacific at Citi, resigned from the US bank on Friday and will start his new job with Standard Chartered in a couple of months when his gardening leave is over, the sources say. At Standard Chartered, Potel will become a managing director and will lead a team of at least three people focusing on equity-linked issuance in Asia and the...