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On Thursday, Standard Chartered (STAN.L) announced that Andy Halford, the Chief Financial Officer, has chosen to retire. He will be succeeded by Diego De Giorgi, a former Bank of America investment banker.
De Giorgi, who recently served as co-chief executive of a special purpose acquisition company called Pegasus Europe, will commence his role at Standard Chartered on September 1, as stated in the bank’s announcement.
Andy Halford has been one of the longest-serving executives in British banking, having held the position of CFO since July 2014. During his tenure, he played a significant role in guiding the bank, which focuses on Africa and Asia, through a period of extensive restructuring.
Diego De Giorgi, 53, will initially join as the CFO designate before formally taking on the role and becoming a member of the bank’s board in the first quarter of 2024. His base of operations will be in London, and he will report to StanChart CEO Bill Winters, who currently holds the distinction of being the longest-serving CEO of a major European bank, following Frederic Oudea’s departure from Societe Generale in May.
De Giorgi brings extensive experience from his previous roles at Bank of America Merrill Lynch, including his position as head of global investment banking. Prior to that, he worked in equity capital markets and financial institutions at Goldman Sachs, eventually rising to the position of chief operating officer for the investment bank before leaving the firm in 2012. He has also served as a non-executive director at Italy’s UniCredit.
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