Oct 7 (Reuters) – Standard Chartered (STAN.L), opens new tab said on Tuesday it appointed Roberto Hoornweg as chief executive of corporate and investment banking, elevating him from the co-head role he shared with Sunil Kaushal.
Kaushal will retire on March 31, 2026, after a 27-year career at the Asia-focused lender.
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Hoornweg and Kaushal were named global co-heads of the unit in March 2024 as part of a wider management reshuffle.
Hoornweg, who joined Standard Chartered in 2017 as global head of financial markets, will continue to oversee the group’s businesses in the Americas, Europe, Africa and the Middle East.
Judy Hsu will take responsibility for ASEAN and South Asia from Kaushal, alongside her role as CEO of wealth and retail banking and her oversight of Greater China and North Asia markets.
During his tenure as CEO for Africa and the Middle East, Kaushal launched digital banks across nine African markets, turned around the UAE retail franchise and advanced the digitisation of the bank’s wealth management offering.
He also secured banking licences and built operations in Saudi Arabia and Egypt, and more recently in Morocco, the bank said.
Reporting by Sherin Sunny in Bengaluru; Editing by Tasim Zahid
source:Reuters