Standard Chartered Bank, listed in both London and Hong Kong, has started to map out CFO succession plan as the bank’s current CFO is considering retiring as soon as next year’s spring annual meeting, according to a recent Financial Times report.
The media report quoted anonymous sources as saying that the bank is conducting a market-mapping exercise of successors though the current CFO hasn’t a final decision on his retirement.
The 62-year-old CFO Andy Halford has been with the lender for nine years, the report says.
The bank said in a statement that it hasn’t initiated a process for the CFO role though it regularly reviews succession for all its senior executives, according to the report.
