Standard Chartered has appointed financial services veteran Patrick Dupont-Liot as its newest executive director. He will be joining the lender’s European Debt Capital Markets (DCM) corporate team with immediate effect, according to a recent Reuters report.
Mr. Dupont-Liot will be focusing on both Europe and the Americas in his new executive role, specializing in DCM corporates. He will be reporting to Standard Chartered’s Regional Head of Capital Markets in Europe and the Americas, Spencer Maclean.
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He lands at Standard Chartered from Nomura having specialized in its DCM unit in the UK for almost six years. In this capacity, he also was tasked with European corporates, part of a stint dating back to 2010. Prior to Nomura, he held other senior level roles at UBS – as opposed to his focus on European corporates, Mr. Dupont-Liot focused on the Latin American DCM space in this position, part of a seven-year role with the bank, according to information made public on his Linkedin profile.
The move represents a reversal in recent months that has seen the unilateral outflow of talent and personnel from Standard Chartered. The loss of many jobs and scaling back of operations at Standard Chartered is emblematic of the entire industry, which in particular has seen its UK operations winnowed as a result of sagging revenues and diving profit margins.