Standard Chartered PLC, a British multinational bank, has revealed alterations to its group management framework, aimed at establishing a streamlined and more effective organization, commencing on April 1, 2024.
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.
In addition to co-leading CIB, Roberto will take on responsibility for Europe, Americas, Middle East and Africa markets. Roberto will be based in Dubai.
Sunil will take on responsibility for ASEAN and South Asia markets and will be based out of Singapore.
Following her relocation from Singapore to Hong Kong, Judy Hsu, CEO of Consumer, Private, and Business Banking (CPBB), will expand her duties to include oversight of the Greater China and North Asia markets, while continuing her existing responsibilities for CPBB.
Bill Winters, Group Chief Executive, said: “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”, Bill Winters added.
Tanuj Kapilashrami, presently serving as the Group Head of Human Resources (HR), will transition to a new position as 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.
Ben Hung, currently CEO, Asia, will assume the new role of President, International. In this role, Ben Hung will be 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.
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