Standard Chartered lays off Asia insurance head

Standard Chartered Bank has laid off its Asia head of insurance coverage, amid a paring and reshuffle of several senior executives, most notably in the research team. Trevor Persaud had been responsible for the UK firm's corporate and institutional banking relationships with insurers in the region, both multinationals and domestics. He advised clients on investment, risk management and business strategy, among other things. Persaud left StanChart in late November and has returne…