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StanChart Mid-East faces exodus of top managers

Exits coincide with push by local banks to muscle in on the bank's traditional strength as an arranger of syndicated loans and bond deals in the region


NOWHERE, perhaps, is the turmoil at Standard Chartered Plc more evident than in the Middle East, as an exodus of top managers and exits from regional businesses threaten to undermine the bank's top five position in debt capital markets.

While Viswanathan Shankar, Dubai-based