StanChart, BofA and ANZ Are Hiring India’s Senior Traders From Rivals

A Standard Chartered Plc. bank branch stands in Mumbai, India.Photographer: Dhiraj Singh/Bloomberg
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Standard Chartered Plc, Bank of America Merrill Lynch and Australia & New Zealand Banking Group are among banks hiring senior currency and rates traders away from rivals in India after volatility in markets surged.

Parul Mittal Sinha, formerly from Deutsche Bank AG, will join Standard Chartered, according to people with knowledge of the matter. Vaneet Gupta will also join from ICICI Bank Ltd., where he was part of a proprietary trading team, said the people who asked not to be identified as the information isn’t public.