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(Bloomberg) -- Some senior ANZ Group Holdings Ltd. credit traders are departing the Australian lender to move to Standard Chartered Plc., according to people familiar with the matter.

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Ming Wo, Duncan Robinson and Adam Hall, all based in Singapore, have left, the people said, declining to be identified discussing confidential information.

Spokespeople for ANZ and Standard Chartered declined to comment. Robinson and Hall couldn’t be reached, while Wo declined to comment.

Wo, a director who has been with ANZ for almost 20 years, announced his departure on his LinkedIn profile. Robinson joined ANZ in 2022 as head of crossover and overlay from Standard Chartered where he was global head of emerging markets flow trading. Hall was head of credit trading for Asia, the people said.

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The movements come amid a vibrant market in the region, where it’s not unusual for traders to jump ship. Investors globally have shown no waning of appetite for credit at the start of the year. Borrowers from the Asia Pacific have sold about $40 billion of US-dollar denominated bonds so far in January, an increase of 47% from the year-earlier period, according to data compiled by Bloomberg.

Analysts including those at Goldman Sachs Group Inc. wrote last year that they expect hard-currency issuance from Asia to continue to rebound in 2025.

The traders are leaving as Melbourne-based ANZ grapples with a string of scandals at its markets division, from allegations about mishandling an Australian Treasury offering to poor culture on the dealing room floor.

--With assistance from Serena Ng.

(Adds Hall’s role at ANZ in fourth paragraph. A previous version corrected the reference to Hall’s position at the bank.)

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