StanChart Names U.K. Treasurer Saville To New Job As Global Head Of Exotic FX

BANKS

In an effort to capitalise on its strong market position in exotic currency trading, Standard Chartered Bank has named U.K. and Europe treasurer Derek Saville to a newly-created post of global head of Far Eastern and exotic currencies.

According to Saville, the bank has hired Gerhard Tarantik, head of trading at Westpac Banking Corporation in New York, as his replacement in the U.K. and Europe post. Tarantik started work in London last week, but Saville says the transition period will take a