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Standard Chartered’s Commodities Head Arun Murthy to Retire

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Arun Murthy, Standard Chartered Plc’s global head of commodities, is retiring after eight years with the London-based lender.

His last day is June 13, Valerie Tay, a Singapore-based spokeswoman for the bank, said in an e-mail Friday. Jeremy East, the bank’s head of metals trading and commodities for Greater China and North Asia, has been named as interim global head of commodities.