Overseas news: JP Morgan rejigs Asia roles, Stanchart hires cybercrime fighter, Deutsche Bank's Libo 23 April 2015 4:26PM Banking Day staff JPMorgan Chase is reassigning its senior bankers across Asia by giving broader roles to a handful of veteran bankers from within its own ranks, reports the Wall Street Journal. Carl Chien and David Li have been named as co-heads of Greater China banking, adding to their current roles as senior country officers. Rohit Chatterji, formerly the bank's head of mergers and acquisitions for Asia (excluding Japan), will become JP Morgan's head of banking for Southeast Asia and Singapore, while the responsibilities of deal makers Brian Gu and John Hall expand to have them jointly oversee Asia-Pacific mergers and acquisitions, and provide advisory services. Standard Chartered has appointed former GCHQ chief Iain Lobban to its fledgling financial crime committee, looking at cybercrime and compliance issues, Finextra reports. Lobban was director of the British intelligence and surveillance agency from mid-2008 to late 2014, having previously served as director-general of operations from 2004. Previous external adviser appointments to the StanChart committee include Boon Hui Khoo, former president of Interpol and senior deputy secretary in Singapore's Ministry of Home Affairs; Frances Townsend, former assistant to the US President for homeland security and counterterrorism; and Lazaro Campos, former chief executive officer of payments body Swift. An announcement by US and British officials on a settlement with Deutsche Bank over allegations it tried to rig benchmark interest rates may be made as early as today, according to sources cited by Reuters. Deutsche Bank said it was working with the relevant authorities. Penalties are likely to exceed US$1.5 billion, the amount UBS Group paid in 2012. Standard Chartered said it had no intention to sell its 45 per cent stake in Indonesia's Bank Permata. Reuters reports Standard Chartered and Indonesian conglomerate PT Astra International each owned 45 per cent in Bank Permata as of December 2014. The two bought the stakes together in 2004 and 2006, paying a total of US$548 million. Permata is looking to develop specialist services, lending to small and medium businesses, supporting contractors on infrastructure projects, and developing its Islamic banking segment, according to Reuters.