Thursday, 14 March 2024

Standard Chartered Announces Leadership Changes to Drive Growth and Returns

by Earn Media

Standard Chartered has announced a strategic overhaul of its Group management structure, set to take effect on 1 April 2024. This restructuring aims to streamline operations, ensuring a leadership team poised to cut through complexity and boost sustainably higher returns across its business sectors.

The restructuring introduces Roberto Hoornweg and Sunil Kaushal as the Co-Heads of Corporate and Investment Banking (CIB), evolving from their current roles to lead the newly defined sector previously known as Corporate, Commercial, and Institutional Banking (CCIB). The changes come as Simon Cooper departs from the Group to explore new opportunities.

The revamped structure will eliminate regional dimensions to focus on directing global priorities into operational markets. Roberto will extend his expertise to cover Europe, the Americas, the Middle East, and Africa, based in Dubai, while Sunil will oversee ASEAN and South Asia from Singapore.

Judy Hsu is set to manage Greater China and North Asia markets alongside her role as CEO of Consumer, Private, and Business Banking, transitioning her base from Singapore to Hong Kong.

Ben Hung transitions to the role of President, International, ensuring the Group’s client-centric approach remains robust across markets. With a balanced emphasis on global strategies and local engagement, Ben will temporarily cover Greater China and North Asia markets until Judy’s relocation to Hong Kong is finalised.

Tanuj Kapilashrami will expand her responsibilities as the new Chief Strategy and Talent Officer, overseeing Strategy, Corporate Affairs, Brand and Marketing, Supply Chain Management, and Property, in addition to her current role in Human Resources.

Standard Chartered Announces Leadership Changes to Drive Growth and Returns

Bill Winters

Bill Winters, Group Chief Executive of Standard Chartered PLC, 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.

Featured image credit: Edited from Freepik

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