Standard Chartered Plc’s acting chief executive officer Peter Sands has announced that he will be stepping down.
Standard Chartered Plc’s acting chief executive officer, Peter Sands, has announced that he will be stepping down as the bank’s leading executive and leaving the board of directors in June.
The leadership shuffle was just one of several moves today, as many other directors were also reportedly stepping down. The man selected to replace him is William Winters, the ex co-chief of JPMorgan's investment bank. Mr. Winters will join Standard Chartered on May 1, whereupon he will step into office as the chief executive in June, to be based out of London.
According to John W. Peace, Standard Chartered chairman, in a recent statement on the move, “Bill is a globally respected banker and has the right experience and skills to drive the group’s new phase of growth. He brings substantial financial experience from leading a successful global business and has an exceptional understanding of the global regulatory and conduct environment.”
“Peter and the team have forged Standard Chartered into one of the truly great opportunities in global banking. It’s a special bank. I’m struck by its amazing network, respected brand and powerful client relationships across the countries which will drive the future growth of the world economy,” added Mr. Winters in an accompanying statement.
Executive Board Shrinks
Standard Chartered has also revealed that Mr. Peace will be relinquishing his role in 2016, following a transition at the British bank. Standard Chartered’s chief executive in Asia, Jaspal Singh Bindra, will also be leaving the board in April. Finally, as part of an initiative to shrink its board of directors to 14, long-time directors Ruth Markland, Paul Skinner and Oliver Stocken will also step down this year.
Standard Chartered Plc’s acting chief executive officer, Peter Sands, has announced that he will be stepping down as the bank’s leading executive and leaving the board of directors in June.
The leadership shuffle was just one of several moves today, as many other directors were also reportedly stepping down. The man selected to replace him is William Winters, the ex co-chief of JPMorgan's investment bank. Mr. Winters will join Standard Chartered on May 1, whereupon he will step into office as the chief executive in June, to be based out of London.
According to John W. Peace, Standard Chartered chairman, in a recent statement on the move, “Bill is a globally respected banker and has the right experience and skills to drive the group’s new phase of growth. He brings substantial financial experience from leading a successful global business and has an exceptional understanding of the global regulatory and conduct environment.”
“Peter and the team have forged Standard Chartered into one of the truly great opportunities in global banking. It’s a special bank. I’m struck by its amazing network, respected brand and powerful client relationships across the countries which will drive the future growth of the world economy,” added Mr. Winters in an accompanying statement.
Executive Board Shrinks
Standard Chartered has also revealed that Mr. Peace will be relinquishing his role in 2016, following a transition at the British bank. Standard Chartered’s chief executive in Asia, Jaspal Singh Bindra, will also be leaving the board in April. Finally, as part of an initiative to shrink its board of directors to 14, long-time directors Ruth Markland, Paul Skinner and Oliver Stocken will also step down this year.
Profit & Loss’ Founder Julie Ros Joins New York-Based Firm as CMO
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
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20-22 MAY 2024
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Looking to expand your network in #Africa?
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Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
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