R umours are swirling that ANZ Group (ASX:ANZ) has been hit with the loss of its entire credit trading team based in Singapore, as the ‘Big 4’ bank faces headwinds from an ongoing ASIC ...

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A highly profitable business, ANZ is now faced with having to restaff its Singapore-based credit trading business after an en-masse walk out of staff after Standard Chartered poached traders.

ANZ’s markets group is run by Singapore-based Anshul Sidher. It is part of the bank’s institutional division, which has been overseen by group executive Mark Whelan since 2016. Neither Sidher ...

ANZ’s profitable Singapore credit trading desk recently had a walkout after rival Standard Chartered poached several members of the team. Sources say it has recruited two new traders.