Standard Chartered Said to Pick U.A.E. CEO, Islamic Head - Bloomberg Business

Standard Chartered Said to Pick U.A.E. CEO, Islamic Head - Bloomberg Business:



"Standard Chartered Plc has selected global head of audit Julian Wynter as its chief executive officer for the United Arab Emirates, according to four people with knowledge of the matter.



Wynter’s appointment has yet to be announced internally, the people said, asking not to be identified as the information isn’t public. Wynter, based in London and previously CEO of the bank’s Malaysian business, will replace Mohsin Nathani, who resigned in April. The U.A.E. is among the lender’s top five markets.



Standard Chartered is experiencing a management exodus after Bill Winters took over as CEO from Peter Sands last month amid falling earnings and a 35 percent drop in its share price in the last two years. Departures include Viswanathan Shankar, the former head of Europe, the Middle East, Africa and the Americas, Jaspal Bindra, the ex-Asia head, and Africa CEO Diana Layfield. Chairman John Peace is set to leave next year."



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