Advertisement
UK markets close in 4 hours 17 minutes

  • FTSE 100

    8,115.12
    +36.26 (+0.45%)
     

  • FTSE 250

    19,818.36
    +216.38 (+1.10%)
     

  • AIM

    755.47
    +2.35 (+0.31%)
     

  • GBP/EUR

    1.1665
    +0.0008 (+0.07%)
     

  • GBP/USD

    1.2518
    +0.0007 (+0.06%)
     

  • Bitcoin GBP

    51,269.05
    +385.08 (+0.76%)
     

  • CMC Crypto 200

    1,383.69
    -12.84 (-0.92%)
     

  • S&P 500

    5,048.42
    -23.21 (-0.46%)
     

  • DOW

    38,085.80
    -375.12 (-0.98%)
     

  • CRUDE OIL

    84.11
    +0.54 (+0.65%)
     

  • GOLD FUTURES

    2,359.40
    +16.90 (+0.72%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

  • HANG SENG

    17,651.15
    +366.61 (+2.12%)
     

  • DAX

    18,048.10
    +130.82 (+0.73%)
     

  • CAC 40

    8,036.76
    +20.11 (+0.25%)
     
PROPERTY:

9 luxury homes to consider if money is no object

Ever thought about what a multimillion pound budget would buy you?

StanChart names Ben Hung as retail bank chief

Reuters
FILE PHOTO - People pass by the logo of Standard Chartered plc at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. REUTERS/Chris Helgren/File Photo

London (Reuters) - Standard Chartered Plc (STAN.L) named its top China banker as its new global retail banking chief, in a reshuffle of several senior roles at the bank one day before it reports third-quarter earnings.

Ben Hung, chief executive for the Greater China and North Asia regions, will take over as retail banking CEO from Karen Fawcett on Nov. 30, the bank said.

Fawcett joined the bank in 2001 and will retire at the end of the year.

Among other changes, the bank's Singapore Chief Executive Judy Hsu will take on oversight of the ASEAN and South Asia regions from Anna Marrs. Marrs will continue to head the commercial and private banking businesses.

ADVERTISEMENT

Former acting head of Britain's financial watchdog, Tracey McDermott, will take over responsibility for brand and marketing.

StanChart reports its third-quarter earnings on Wednesday, with investors expected to focus on its revenue after two years of restructuring under Chief Executive Bill Winters.

(Reporting by Noor Zainab Hussain in Bengaluru and Lawrence White in London)