BUZZ-Standard Chartered: Up after announcing management shake-up

** Emerging markets-focused bank's shares up 1.2 pct, among top FTSE-100 gainers, as CEO Bill Winters announces changes to its management structure

** Heads of major units will report to Winters rather than to his deputy Mike Rees, starting Oct (HKSE: 3366.HK - news) . 1

** Stock second-highest gainer on FTSE 350 Banks Index

** Analysts say market is reacting well to move by Winters to take the reins from Rees, who has been at the bank for 25 years

** Shares (Frankfurt: DI6.F - news) of larger rival HSBC up 1.1 pct on Citi upgrade to "buy"

(venkateshasoumithri.mamidipudi.thomsonreuters.com@reuters.net)