London and Hong Kong listed Standard Chartered is seeking a new CFO to replace Andy Halford who would retire as soon as the spring annual meeting in 2023, according to a recent Sky News report.
The news report said it believes that London-based management consulting firm Russell Reynolds Associates will help find the replacement.
The Asia-focused bank paid US$3.6 million to Halford in 2021 and US$3 million in 2020.
The 62-year-old CFO joined the lender in 2014 after nine years as CFO at Vodafone and three years as CFO of Verizon Wireless.
The Financial Times reported in March this year that Standard Chartered had started mapping out its CFO succession plan.
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