Standard Chartered said to cut jobs in Dubai | The National

Standard Chartered said to cut jobs in Dubai | The National:

"Standard Chartered cut 11 sales and trading jobs in Dubai, including four managing director roles, according to two people with knowledge of the matter.

The London-based lender removed Vikrant Bhansali, regional head of institutional sales; Farhan Aziz, head of credit solutions and Jillian Correa, regional head of flow, from their positions, the people said, asking not to be identified because information isn’t public.

Standard Chartered has “acted to reduce management layers at a global level, and as a result, will have up to 25 per cent fewer senior staff,” the bank said in an emailed response to questions on Tuesday. The group’s new structure will be effective from January 1 and “changes are still work in progress, we are not in a position to provide details,” it said."



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