now loading...
Wealth Asia Connect Middle East Treasury & Capital Markets Europe ESG Forum TechTalk
On The Move
StanChart announces further board changes and senior leadership appointments
Standard Chartered on April 1 announced further changes in its board of directors as well as several appointments to key leadership roles. The announcement is the latest in a string of changes initiated by the bank, which in February this year appointed William Thomas Winters as the new group chief executive. The former J.P. Morgan investment banker will take over from Peter Sands from June this year as investors sought a management overhaul to help reverse Standard Chartered’s declining earnings
The Asset 2 Apr 2015

Standard Chartered on April 1 announced further changes in its board of directors as well as several appointments to key leadership roles. The announcement is the latest in a string of changes initiated by the bank, which in February this year appointed William Thomas Winters as the new group chief executive. The former J.P. Morgan investment banker will take over from Peter Sands from June this year as investors sought a management overhaul to help reverse Standard Chartered’s declining earnings.

 
Viswanathan Shankar, group executive director and CEO for Europe, Middle East, Africa and Americas, has resigned from the group to pursue other interests. He will stand down from the board effective April 30 this year, ending a career at Standard Chartered spanning 13 years.
 
As a result, the Standard Chartered board will now comprise three executive directors with effect from May 1 – group chief executive, deputy group chief executive and group finance director – in line with the group’s stated intention to reduce the overall board size to 14 directors in due course.
 
In key leadership appointments, Jonathan Paul is appointed group head for financial markets and will be based in Singapore. More recently, Paul held consulting roles with several asset management companies. He brings to Standard Chartered more than 25 years of experience gained across Deutsche Bank, Goldman Sachs and Salomon Brothers in London, New York, Singapore and Hong Kong.
 
Sumit Dayal was named group head for corporate finance effective immediately. He succeeds Mark Dowie on this role and will continue to be based in Singapore. Dayal joined Standard Chartered in July 2004 as regional head for mergers and acquisitions and acquisition financing, based in Hong Kong. In August 2008, he moved to Singapore and assumed the role of global head for leveraged finance and equity capital markets.
 
Dowie will become vice chair for clients and products with effect from April 7.In this new role, he will be involved in a range of activities, including business development and relationship management with clients across the group’s footprint. He will relocate from Singapore to London.
 
The new appointments also followed the announcement last week that Michael Gorriz, formerly vice-president and chief information officer at Daimler, is joining Standard Chartered during the third quarter of this year as group chief information officer based in Singapore. Gorriz’s appointment is a result of the retirement of Jan Verplaneke as director and group chief information officer.

 

Conversation
Stephen McKeever
Stephen McKeever
managing director, head of institutional client division
Ho Chi Minh City Securities Corporation
- JOINED THE EVENT -
Webinar
Fitch on Vietnam: Navigating a Post-Pandemic World
Session II: Credit and capital markets
View Highlights
Conversation
Janet Li
Janet Li
partner and wealth business leader, Asia
Mercer
- JOINED THE EVENT -
Webinar
Developing strategies supporting sustainable investing
View Highlights