JPMorgan has issued a research report stating that Standard Chartered (02888) announced the immediate departure of Chief Financial Officer Diego De Giorgi. According to an announcement from Apollo Global Management, De Giorgi will join Apollo as a partner and Head of Europe, the Middle East, and Africa. Given his strong reputation among investors and his recent key role in helping Standard Chartered achieve financial milestones—including a large-scale share buyback and improved Return on Tangible Equity (ROTE)—JPMorgan expects his unexpected departure to cause a low- to mid-single-digit percentage decline in the bank’s share price. Despite this, JPMorgan maintains a positive investment outlook, citing the bank’s solid performance driven by ongoing strategic transformation and a favorable monetary environment. The firm views any potential excessive adjustment in the share price as an attractive opportunity to increase holdings. JPMorgan reaffirms its "Overweight" rating with a target price of HK$265.