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Standard Chartered has announced the appointment of Michael Spiegel as the Global Head, Transaction Banking, effective January 1, 2021 and subject to regulatory approval. The appointment follows Lisa Robins’ decision to retire from banking after a distinguished four-decade career.

The Bank also announced that, effective January 7, 2021, Kai Fehr joins the Bank as Global Head of Trade.

Spiegel joined the bank at the beginning of the year, bringing more than three decades of experience working across Europe, the US and Asia in roles ranging from trade finance and cash management to client coverage.

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He previously worked at 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.

Fehr joins from Wells Fargo, where he was Global Head of International Trade Services. He previously led trade finance and working capital teams in Asia Pacific for Barclays and UniCredit.

Simon Cooper, CEO of Corporate, Commercial and Institutional Banking at Standard Chartered, said: “Transaction Banking is in our DNA, from navigating global trade winds for more than 100 years to collaborating with new technology companies in the payments space. Michael will take the baton from Lisa at a time when we’re transforming our business on behalf of our corporate and financial institution clients and to continue playing a leading role in enabling sustainable trade flows around the world.”

He added: “We’re delighted that Kai, with his extensive experience, is joining us to lead our vital Trade team. I would also like to take this opportunity to thank Lisa for her contribution to Standard Chartered’s Transaction Banking franchise, as well as her leadership of this core business during a very challenging period.”

Robins joined the Bank in January 2018, having worked in Asia, Europe and the US with firms including JP Morgan and Deutsche Bank.