Standard Chartered's Investment Banking Chief, Simon Cooper, to Depart

Standard Chartered announced on Tuesday that Simon Cooper, the head of investment banking, will be leaving his position. This change comes as Roberto Hoornweg and Sunil Kaushal are appointed as co-heads of corporate and investment banking.

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Additionally, Judy Hsu, currently serving as CEO of the consumer business, will take on the added responsibility of overseeing the Greater China and North Asia markets. Meanwhile, Ben Hung, the current CEO of the bank's Asia business, will transition to the new role of President, International.

Standard Chartered's CEO, Bill Winters, emphasized that these changes aim to strengthen the team and focus on driving transformation efforts for increased growth and returns across all business lines.

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We’ve announced changes to our Group management structure to ensure the right leadership team is in place to reduce complexity, drive our transformation efforts, and bring renewed intensity to our focus on increased growth and returns. Read more https://t.co/l6o08yaDfd pic.twitter.com/hmdqKd7f4o — Standard Chartered (@StanChart) March 12, 2024

Cooper, who was once viewed as a potential successor to Winters, will be departing from the bank.

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