07 Sep '15, 5am

#StanChart Said to Name Hsu to Replace Swaroop as #Singapore CEO (@Bloomberg)

#StanChart Said to Name Hsu to Replace Swaroop as #Singapore CEO (@Bloomberg)

Standard Chartered Plc will appoint Judy Hsu, its global wealth management head, as Singapore chief executive officer to replace Neeraj Swaroop, people with knowledge of the matter said. Swaroop has resigned from the London-based lender, the people said, asking not to be identified as the information is private. He decided to leave the bank after turning down the offer of a job overseeing Standard Chartered’s business in India, one of the people said. The people didn’t say if Hsu will maintain both roles at the company. Since taking over from Peter Sands in June, Chief Executive Officer Bill Winters appointed a new 13-member management team reporting directly to him, while taking over additional responsibilities. The bank is considering cutting as many as 250 of about 1,000 managing directors as part of efforts to lower costs, people familiar said last week. Standard Chart...

Full article: http://www.bloomberg.com/news/articles/2015-09-07/stancha...

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