Standard Chartered's CFO Departure Surprises Market, Goldman Sachs Reports

Stock News

Feb 11

Standard Chartered (02888) announced yesterday that its Chief Financial Officer, Diego De Giorgi, has stepped down with immediate effect. Concurrently, Apollo Global Management, a U.S.-listed alternative asset manager, appointed De Giorgi as its Head of Europe, the Middle East, and Africa. Following the announcement, Standard Chartered's Hong Kong-listed shares fell by as much as 6% during the afternoon session, closing down 1.9%. The bank's London-listed shares declined further, dropping up to 5.7%. According to Goldman Sachs, investor reaction indicates the appointment was unexpected. The report also highlighted that the CFO played a central role in Standard Chartered's recent transformation. Investors are now focusing on potential succession plans for CEO Bill Winters and the company's upcoming corporate strategy announcement scheduled for May.

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Concurrently, Apollo Global Management, a U.S.-listed alternative asset manager, appointed De Giorgi as its Head of Europe, the Middle East, and Africa. Following the announcement, Standard Chartered's Hong Kong-listed shares fell by as much as 6% during the afternoon session, closing down 1.9%. The bank's London-listed shares declined further, dropping up to 5.7%. According to Goldman Sachs, investor reaction indicates the appointment was unexpected. The report also highlighted that the CFO played a central role in Standard Chartered's recent transformation. Investors are now focusing on potential succession plans for CEO Bill Winters and the company's upcoming corporate strategy announcement scheduled for May.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Standard Chartered's CFO Departure Surprises Market, Goldman Sachs Reports</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStandard Chartered's CFO Departure Surprises Market, Goldman Sachs Reports\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036600163\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock News </p>\n<p class=\"h-time\">2026-02-11 15:38</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Standard Chartered (02888) announced yesterday that its Chief Financial Officer, Diego De Giorgi, has stepped down with immediate effect. Concurrently, Apollo Global Management, a U.S.-listed alternative asset manager, appointed De Giorgi as its Head of Europe, the Middle East, and Africa. Following the announcement, Standard Chartered's Hong Kong-listed shares fell by as much as 6% during the afternoon session, closing down 1.9%. The bank's London-listed shares declined further, dropping up to 5.7%. According to Goldman Sachs, investor reaction indicates the appointment was unexpected. The report also highlighted that the CFO played a central role in Standard Chartered's recent transformation. Investors are now focusing on potential succession plans for CEO Bill Winters and the company's upcoming corporate strategy announcement scheduled for May.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SG9999000327.SGD","symbol_name":"Schroder Asian Growth A Dis SGD","start_time":0,"source_url":"","article_id":"1198469800","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1198469800","pubTimestamp":1770795539,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"Standard Chartered (02888) announced yesterday that its Chief Financial Officer, Diego De Giorgi, has stepped down with immediate effect. 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