The Traderszone Network

Published in TZ Latest News 14 December, 2015 by The TZ Newswire Staff

Exclusive: StanChart axes top bankers in energy M&A team – sources

Standard Chartered plc (STAN.L) has axed at least half a dozen oil and gas advisory banking roles in recent weeks, ending an eight-year attempt to build a global energy M&A team, people familiar with the matter told Reuters. Asia-focused lender Standard Chartered (2888.HK) expanded its energy M&A advisory team just before the global financial crisis by acquiring Harrison Lovegrove, a well regarded boutique advisory firm for oil and gas. At that time, more than two dozen bankers came over to Standard Chartered from Harrison Lovegrove.