Standard Chartered announces
changes to its Group Management Team
London, 12 March 2024:
Effective 1 April 2024, Standard Chartered PLC (the "Group") has
announced changes to its Group management structure to create a
simpler and more efficient organisation. This will ensure the right
leadership team is in place to reduce complexity and further
sharpen the focus on driving strong, sustainably higher returns
through each business line.
· Roberto Hoornweg, currently Global Head, Financial Markets and
Sunil Kaushal, currently Regional CEO, Africa & Middle East are
appointed Co-Heads of Corporate & Investment Banking (CIB)
(previously Corporate, Commercial and Institutional Banking
(CCIB)). Simon Cooper will leave the Group to pursue other
interests.
· To
ensure clear accountabilities to better drive global priorities
through each of the business lines into the markets where they
operate, the regional dimension will be removed from the structure.
As a result, in addition to co-leading CIB, Roberto will take on
responsibility for Europe, Americas, Middle East and Africa
markets, based in Dubai; Sunil will take on responsibility for
ASEAN and South Asia markets, based in Singapore.
· Judy Hsu, CEO, Consumer, Private and Business Banking (CPBB)
will take on responsibility for Greater China and North Asia
markets, after her move to Hong Kong from Singapore, in addition to
her ongoing responsibility for CPBB.
· Ben Hung, currently CEO, Asia, will assume the new role of
President, International, focusing on the Group's priority to
deliver for its clients across markets, balancing the need to drive
global business strategies while maintaining appropriate local
focus. Until Judy completes her move to Hong Kong, Ben will
continue to oversee GCNA markets.
· Tanuj Kapilashrami, currently Group Head, Human Resources
(HR), will assume a new role of Chief Strategy and Talent Officer.
In addition to HR, Tanuj will take on responsibility for Strategy,
Corporate Affairs, Brand and Marketing, Supply Chain Management,
and Property.
Bill Winters, Group Chief Executive,
commented: "As we announced at our Full Year 2023 results, we are
taking action to build on our momentum and deliver sustainably
higher returns. These changes will ensure we have the strongest
possible team in place, with clear accountabilities, to drive our
transformation efforts and bring renewed intensity to our focus on
increased growth and returns through each of our business
lines.
"I would like to thank Simon Cooper
for his contribution to Standard Chartered over the past eight
years. He has led a substantial transformation in our Corporate,
Commercial and Institutional Banking business, which has been
instrumental in delivering sustainable returns."
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For
more information, please contact:
Lauren Verner
Group Media Relations
Tel: +44 (0) 7500 826 143
Gregg Powell
Group Head, Investor
Relations
Tel: +44 (0) 20 7885 5172
Adnan Akhtar
Head of Sell-Side, Investor
Relations
Tel: +44 (0) 20 7885 7255
Standard Chartered:
We are a leading international
banking group, with a presence in 53 of the world's most dynamic
markets and serving clients in a further 64. Our purpose is to
drive commerce and prosperity through our unique diversity, and our
heritage and values are expressed in our brand promise, here for
good.
Standard Chartered PLC is listed on
the London and Hong Kong stock exchanges.
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