Standard Chartered Group (02888) fell more than 3%, declining 3.71% to HK$186.8 by the time of writing, with a turnover of HK$155 million. On the news front, Morningstar released a research report noting that Standard Chartered Group's Chief Financial Officer, Diego De Giorgi, has departed with immediate effect, and his responsibilities will be temporarily assumed by Deputy CFO Peter Burrill. Morningstar views this management change as an unexpected negative development that may raise market concerns about the bank's personnel changes and succession planning. However, the report highlighted that CEO Bill Winters has not indicated any retirement plans, and it is believed that Standard Chartered will continue to focus on executing its "Fit for Growth" strategy. Under Peter Burrill's leadership, the bank is still expected to achieve its targets, leading to the assessment that the impact of this event on Standard Chartered's operations will be limited. JPMorgan commented that, given Diego's strong reputation among investors and his key role in recent financial milestones at Standard Chartered—including large-scale share buybacks and improvements in Return on Tangible Equity (ROTE)—his unexpected departure is anticipated 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.