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StanChart picks ex-JPMorgan exec Winters as CEO to replace Sands

Reuters - UK Focus

LONDON, Feb 26 (Reuters) - Asia-focused bank Standard Chartered said former JPMorgan investment bank boss Bill Winters will take over as chief executive in June to replace embattled boss Peter Sands.

Standard Chartered (HKSE: 2888.HK - news) said on Thursday Chairman John Peace will also leave next year, and named other changes to its board in a massive overhaul in management following a run of problems for the UK bank prompted top shareholders to call for change.

(Reporting by Steve Slater; Editing by Sinead Cruise)