Mass credit trader resignation in Singapore bodes well for 2025 hiring

efinancialcareers.com:

It's a public holiday in Singapore to mark lunar New Year and the start of the year of the wood snake, which symbolizes self-improvement and the need for balance. Possibly with this in mind, a team of Singapore credit traders quit en-masse on Monday.

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Bloomberg reported that three members of ANZ's Singapore-based credit team resigned — Duncan Robinson, Ming Wo and Adam Hall. Sources say that a fourth trader, Timothy Teh also quit. 

The team is thought to be going to Standard Chartered. Standard Chartered declined to comment.

ANZ didn't respond to multiple requests to comment on the exits. Following the departures, it's thought that ANZ's Singapore credit trading team is down to two people: Aurora Guo, who joined three years ago from UBS, and Stefanie Tan, an associate who joined from OCBC in 2023.

The implication is that ANZ will need to hire some replacements, triggering a wave of recruitment across the sector. 

Duncan Robinson has worked for Standard Chartered previously. He was the bank's global head of emerging markets trading for four years before leaving for ANZ in 2022. In his new Standard Chartered role, he's thought to be moving to London.

It's not clear what the Singapore arrivals mean for Standard Chartered's current credit team. One headhunter said there is a lot of «uncertainty.»  

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