Standard Charted Bank replace CEO news to weigh on share pri
Hong Kong-listed shares of Standard Chartered, the emerging markets focused bank, fell as much as 2.8 per cent to HK$108.10 in mid-morning trading.
The decline followed reports that StanChart is looking to replace chief executive Peter Sands this year, after calls from some of the bank's largest shareholders to accelerate its succession planning.
As the FT's Martin Arnold reported, Mr Sands, one of the longest serving chief executives at any large global bank, has been blamed by Singapore's Temasek and the UK's Aberdeen Asset Management, which together own almost 30 per cent of the bank, for not responding fast enough to a reversal of StanChart's fortunes.
StanChart came through the financial crisis in decent shape but issued three profits warnings last year, hit by a slowdown in emerging markets and rising impairments because of its high exposure to commodities and to some heavily indebted borrowers.
英国《金融时报》此前报道，共持有渣打近30%股份的新加坡淡马锡(Temasek)和英国安本资产管理(Aberdeen Asset Management)指责冼博德未能采取足够迅速的应对措施来逆转渣打命运。冼博德是全球大型跨国银行中在职时间最长的CEO之一。