0726 GMT - The departure of Standard Chartered's CFO came as a surprise to Morningstar's Kathy Chan, who thinks the abrupt transition will likely trigger investors concerns. The bank's Hong Kong-listed stock fell over 6% after StanChart said it had named Peter Burrill as interim finance chief. Chan views Burrill as a decent candidate for the interim role, given his experience at Deutsche Bank and KPMG. Burrill has also been with StanChart since 2017, indicating familiarity with the group's operations and the management team, the analyst adds. With near-term focus set on completing a restructuring program, Chan expects Burrill to continue to deliver on the targets, with limited operational impact. "This should allow some breathing room for the bank to search for a suitable candidate for the permanent role." Shares down 2.3% at HK$197.40. (kimberley.kao@wsj.com)
(END) Dow Jones Newswires
February 10, 2026 02:26 ET (07:26 GMT)
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