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Standard Chartered Said to Hire Citi’s Xie as China Mining Head

Standard Chartered Plc hired Richy Xie from Citigroup (C) Inc. to run its China metals and mining investment banking team, people with knowledge of the matter said.

Xie, who resigned this week from Citigroup, is scheduled to start working at Standard Chartered in June, according to one of the people, who asked not to be identified before an announcement is made. Xie had been at Citigroup for three years and oversaw the bank’s Chinese metals and mining deals.

Citigroup was the top adviser on cross-border mining deals involving Chinese companies last year, according to data compiled by Bloomberg. It also advised a group led by China Minmetals Corp. on buying Glencore Xstrata Plc’s Las Bambas copper project in Peru for $5.85 billion this month, together with Bank of America Corp. and Deutsche Bank AG.

James Griffiths, a spokesman for Citigroup, declined to comment. Tan Hsueh Mei, a spokeswoman for Standard Chartered, wasn’t immediately available to comment.

To contact the reporter on this story: Zijing Wu in Hong Kong at zwu17@bloomberg.net

To contact the editors responsible for this story: Philip Lagerkranser at lagerkranser@bloomberg.net Darren Boey

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