SC Loses LatAm Economist

Douglas Smith has left Standard Chartered, where he was chief economist for the Americas. He has not been replaced since departing in July, a bank spokeswoman says. The move leaves the bank with only Bret Rosen, Latin America sovereign debt strategist, covering the region. Smith is not heard yet joining another institution. Standard Chartered closed its LatAm sovereign and CDS trading business in July due to decreased trading volume, though the bank insists it is not pulling back from the region.