StanChart said it would merge its retail, private and business banking divisions together under the leadership of current ASEAN and South Asia CEO Judy Hsu.
LONDON: Standard Chartered said on Thursday it would merge several of its businesses and reduce the number of top executives as the Asia and Africa-focused bank seeks to trim costs and create a leaner business.
StanChart said it would merge its retail, private and business banking divisions together under the leadership of current ASEAN and South Asia CEO Judy Hsu; and it will bring together its two Asian units together under Greater China and North Asia head Ben Hung.
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