
Standard Chartered Appoints Diego De Giorgi as Incoming Group Chief Financial Officer, Succeeding Retiring Andy Halford
(IN BRIEF) Andy Halford, Group Chief Financial Officer (GCFO) and Group Executive Director (GED) of Standard Chartered PLC, has announced his retirement. He will be succeeded by Diego De Giorgi, who will join the company as GCFO Designate on September 1, 2023. Pending regulatory approval, Diego will officially become GCFO and join the Board as GED in Q1 2024. Diego brings extensive experience in the financial services sector, having held leadership positions at Bank of America Merrill Lynch and served as Co-Chief Executive of Pegasus Europe. Andy Halford will continue in his roles until Diego’s regulatory approval, after which he will serve as a Senior Adviser until his retirement on August 31, 2024.
(PRESS RELEASE) LONDON, 1-Sep-2023 — /EuropaWire/ — Standard Chartered PLC (the “Company”) announces that Andy Halford has decided to retire as Group Chief Financial Officer (“GCFO”) and Group Executive Director (“GED”). He will be succeeded by Diego De Giorgi who will join the Company on 1 September 2023 as GCFO Designate. Subject to regulatory approval, Diego will be appointed GCFO and will join the Board as GED in the first quarter of 2024. He will be based in London and report directly to the Group Chief Executive, Bill Winters.
Andy will continue as GCFO and GED until regulatory approval is given to Diego and will help ensure a smooth transition. Thereafter, Andy will continue as a Senior Adviser until he retires on 31 August 2024.
Diego (aged 53) was most recently the Co-Chief Executive of Pegasus Europe (Pegasus), Europe’s largest-ever Special Purpose Acquisition Company. Prior to this, Diego was an independent non-executive director of UniCredit S.p.A from 2020 to 2021. From 2013 to 2019, he served in leadership roles at Bank of America Merrill Lynch (“BAML”). He was the Co-Head then Head of Global Investment Banking from 2015 to 2019 and the Co-Head of Corporate & Investment Banking for the EMEA region between 2013 and 2015. Before that, Diego joined Goldman Sachs in 1994 and worked in roles across the Equity Capital Markets and Financial Institutions Groups in London. He later became the Chief Operating Officer for the company’s Investment Banking division prior to departing in 2012.
Bill Winters, Group Chief Executive said:
“I am delighted that Diego has agreed to join the Group as GCFO Designate. With over three decades of experience in the global financial services sector, he brings strong business experience, deep commercial acumen, strategic expertise and leadership skills. I very much look forward to working with Diego in the years ahead as we continue to deliver on our strategy and financial targets.
I would like to thank Andy sincerely for his significant leadership, dedication and focus as GCFO since he joined the Group in 2014. He has been an invaluable member of the Management Team and a great partner for me and has been instrumental in shaping and driving the strategic direction of the company in his time here.”
Diego De Giorgi said:
“I am honoured to have been offered this role at Standard Chartered and to have the opportunity to work closely with Bill, the Board and the Management Team to capture the opportunities presented by the Bank’s extraordinary footprint. I look forward to helping maximise the great potential of Standard Chartered while maintaining financial discipline and capital strength.”
Andy Halford said:
“After nearly ten years restoring the Bank’s operational and financial performance to its previous levels and now with a demonstrable momentum in the business, it is the right time to pass the GCFO role to a new leader. It has been a privilege working with the Board, Bill and the Management Team throughout this time and I am sure Diego will add a new dimension when he comes into the GCFO role.
Additional information
Diego De Giorgi
Diego has no relationship with any other Director, member of senior management or substantial or controlling shareholder of Standard Chartered PLC.
Diego currently holds no shares in the Company.
Diego’s appointment as a Director of the Company will be subject to annual re-election by shareholders and election at the 2024 AGM.
Save as disclosed above, there is no other information to be disclosed in relation to Diego’s appointment under the requirements of UK Listing Rule 9.6.13 (1-6) and Rule 13.51(2) of the Hong Kong Listing Rules.
Andy Halford
There are no matters relating to the resignation of Andy Halford that need to be brought to the attention of the shareholders of the Company.
REMUNERATION STATEMENT IN RELATION TO BOARD CHANGES
Diego’s remuneration arrangements with effect from appointment as GCFO Designate have been set in accordance with the Directors’ remuneration policy approved by shareholders at the 2022 AGM on 4 May 2022.
Diego will receive a base salary of £1,650,000 per annum to be paid part in cash (67%) and part in shares (33%). The share element will be released over a period of five years (20% annually). He will receive a pension allowance of £110,000, equivalent to 10% of the cash element of his base salary. Diego will also receive core benefits in line with the approach for all UK employees with additional role specific benefits provided based on his responsibilities.
Diego will be eligible for discretionary variable pay in line with the Directors’ remuneration policy. Any annual incentive award for performance in 2023 will be prorated for time served and the first long-term incentive plan (LTIP) award will be granted in 2024.
Diego will not receive a buyout award.
Andy will continue to receive his salary and benefits until he retires on 31 August 2024.
Andy will be considered an eligible leaver and, in accordance with the Directors’ remuneration policy, will be eligible for a 2023 annual incentive award, determined by the Remuneration Committee based on Group and individual performance during 2023.
After he steps down as GCFO, Andy will continue as a Senior Adviser, working on ongoing strategic projects for the Group until he retires. He will be eligible for a 2024 annual incentive award based on his contribution in 2024 until he retires.
As an eligible leaver, Andy will retain all existing LTIP awards subject to the achievement of performance measures and prorated for the period until he retires. He will not be eligible for any further LTIP awards. All outstanding awards will remain subject to the Group’s malus and clawback arrangements and will vest and be released as scheduled.
Standard Chartered
We are a leading international banking group, with a presence in 53 of the world’s most dynamic markets and serving clients in a further 64. Our purpose is to drive commerce and prosperity through our unique diversity, and our heritage and values are expressed in our brand promise, here for good.
Standard Chartered PLC is listed on the London and Hong Kong Stock Exchanges.
For more stories and expert opinions please visit Insights at sc.com. Follow Standard Chartered on Twitter, LinkedIn, Instagram and Facebook.
Media Contact:
Shaun Gamble
Group Media Relations
+44 20 7885 5934
Gregg Powell
Group Head of Investor Relations
Tel: +44 (0) 20 7885 5172
SOURCE: Standard Chartered
MORE ON STANDARD CHARTERED, ETC.:
- Orden Propuesta De Arresto E Incautación Contra Ricardo Salinas En Corte De EE.UU
- Digi Communications N.V. announced that Serghei Bulgac, CEO and Executive Director, sold 15,000 class B shares of the company’s stock
- PFMcrypto lancia un sistema di ottimizzazione del reddito basato sull’intelligenza artificiale: il mining di Bitcoin non è mai stato così facile
- Azteca Comunicaciones en Quiebra en Colombia: ¿Un Presagio para Banco Azteca?
- OptiSigns anuncia su expansión Europea
- OptiSigns annonce son expansion européenne
- OptiSigns kündigt europäische Expansion an
- OptiSigns Announces European Expansion
- Digi Communications NV announces release of Q1 2025 financial report
- Banco Azteca y Ricardo Salinas Pliego: Nuevas Revelaciones Aumentan la Preocupación por Riesgos Legales y Financieros
- Digi Communications NV announces Investors Call for the presentation of the Q1 2025 Financial Results
- Digi Communications N.V. announces the publication of the 2024 Annual Financial Report and convocation of the Company’s general shareholders meeting for June 18, 2025, for the approval of, among others, the 2024 Annual Financial Report, available on the Company’s website
- La Suprema Corte Sanciona a Ricardo Salinas de Grupo Elektra por Obstrucción Legal
- Digi Communications N.V. announces the conclusion of an Incremental to the Senior Facilities Agreement dated 21 April 2023
- 5P Europe Foundation: New Initiative for African Children
- 28-Mar-2025: Digi Communications N.V. announces the conclusion of Facilities Agreements by companies within Digi Group
- Aeroluxe Expeditions Enters U.S. Market with High-Touch Private Jet Journeys—At a More Accessible Price ↗️
- SABIO GROUP TAKES IT’S ‘DISRUPT’ CX PROGRAMME ACROSS EUROPE
- EU must invest in high-quality journalism and fact-checking tools to stop disinformation
- ¿Está Banco Azteca al borde de la quiebra o de una intervención gubernamental? Preocupaciones crecientes sobre la inestabilidad financiera
- Netmore and Zenze Partner to Deploy LoRaWAN® Networks for Cargo and Asset Monitoring at Ports and Terminals Worldwide
- Rise Point Capital: Co-investing with Independent Sponsors to Unlock International Investment Opportunities
- Netmore Launches Metering-as-a-Service to Accelerate Smart Metering for Water and Gas Utilities
- Digi Communications N.V. announces that a share transaction was made by a Non-Executive Director of the Company with class B shares
- La Ballata del Trasimeno: Il Mediometraggio si Trasforma in Mini Serie
- Digi Communications NV Announces Availability of 2024 Preliminary Financial Report
- Digi Communications N.V. announces the recent evolution and performance of the Company’s subsidiary in Spain
- BevZero Equipment Sales and Distribution Enhances Dealcoholization Capabilities with New ClearAlc 300 l/h Demonstration Unit in Spain Facility
- Digi Communications NV announces Investors Call for the presentation of the 2024 Preliminary Financial Results
- Reuters webinar: Omnibus regulation Reuters post-analysis
- Patients as Partners® Europe Launches the 9th Annual Event with 2025 Keynotes, Featured Speakers and Topics
- eVTOLUTION: Pioneering the Future of Urban Air Mobility
- Reuters webinar: Effective Sustainability Data Governance
- Las acusaciones de fraude contra Ricardo Salinas no son nuevas: una perspectiva histórica sobre los problemas legales del multimillonario
- Digi Communications N.V. Announces the release of the Financial Calendar for 2025
- USA Court Lambasts Ricardo Salinas Pliego For Contempt Of Court Order
- 3D Electronics: A New Frontier of Product Differentiation, Thinks IDTechEx
- Ringier Axel Springer Polska Faces Lawsuit for Over PLN 54 million
- Digi Communications N.V. announces the availability of the report on corporate income tax information for the financial year ending December 31, 2023
- Unlocking the Multi-Million-Dollar Opportunities in Quantum Computing
- Digi Communications N.V. Announces the Conclusion of Facilities Agreements by Companies within Digi Group
- The Hidden Gem of Deep Plane Facelifts
- KAZANU: Redefining Naturist Hospitality in Saint Martin ↗️
- New IDTechEx Report Predicts Regulatory Shifts Will Transform the Electric Light Commercial Vehicle Market
- Almost 1 in 4 Planes Sold in 2045 to be Battery Electric, Finds IDTechEx Sustainable Aviation Market Report
- Digi Communications N.V. announces the release of Q3 2024 financial results
- Digi Communications NV announces Investors Call for the presentation of the Q3 2024 Financial Results
- Pilot and Electriq Global announce collaboration to explore deployment of proprietary hydrogen transport, storage and power generation technology
- Digi Communications N.V. announces the conclusion of a Memorandum of Understanding by its subsidiary in Romania
- Digi Communications N.V. announces that the Company’s Portuguese subsidiary finalised the transaction with LORCA JVCO Limited
- Digi Communications N.V. announces that the Portuguese Competition Authority has granted clearance for the share purchase agreement concluded by the Company’s subsidiary in Portugal
- OMRON Healthcare introduceert nieuwe bloeddrukmeters met AI-aangedreven AFib-detectietechnologie; lancering in Europa september 2024
- OMRON Healthcare dévoile de nouveaux tensiomètres dotés d’une technologie de détection de la fibrillation auriculaire alimentée par l’IA, lancés en Europe en septembre 2024
- OMRON Healthcare presenta i nuovi misuratori della pressione sanguigna con tecnologia di rilevamento della fibrillazione atriale (AFib) basata sull’IA, in arrivo in Europa a settembre 2024
- OMRON Healthcare presenta los nuevos tensiómetros con tecnología de detección de fibrilación auricular (FA) e inteligencia artificial (IA), que se lanzarán en Europa en septiembre de 2024
- Alegerile din Moldova din 2024: O Bătălie pentru Democrație Împotriva Dezinformării
- Northcrest Developments launches design competition to reimagine 2-km former airport Runway into a vibrant pedestrianized corridor, shaping a new era of placemaking on an international scale
- The Road to Sustainable Electric Motors for EVs: IDTechEx Analyzes Key Factors
- Infrared Technology Breakthroughs Paving the Way for a US$500 Million Market, Says IDTechEx Report
- MegaFair Revolutionizes the iGaming Industry with Skill-Based Games
- European Commission Evaluates Poland’s Media Adherence to the Right to be Forgotten
- Global Race for Autonomous Trucks: Europe a Critical Region Transport Transformation
- Digi Communications N.V. confirms the full redemption of €450,000,000 Senior Secured Notes
- AT&T Obtiene Sentencia Contra Grupo Salinas Telecom, Propiedad de Ricardo Salinas, Sus Abogados se Retiran Mientras Él Mueve Activos Fuera de EE.UU. para Evitar Pagar la Sentencia
- Global Outlook for the Challenging Autonomous Bus and Roboshuttle Markets
- Evolving Brain-Computer Interface Market More Than Just Elon Musk’s Neuralink, Reports IDTechEx
- Latin Trails Wraps Up a Successful 3rd Quarter with Prestigious LATA Sustainability Award and Expands Conservation Initiatives ↗️
- Astor Asset Management 3 Ltd leitet Untersuchung für potenzielle Sammelklage gegen Ricardo Benjamín Salinas Pliego von Grupo ELEKTRA wegen Marktmanipulation und Wertpapierbetrug ein
- Digi Communications N.V. announces that the Company’s Romanian subsidiary exercised its right to redeem the Senior Secured Notes due in 2025 in principal amount of €450,000,000
- Astor Asset Management 3 Ltd Inicia Investigación de Demanda Colectiva Contra Ricardo Benjamín Salinas Pliego de Grupo ELEKTRA por Manipulación de Acciones y Fraude en Valores
- Astor Asset Management 3 Ltd Initiating Class Action Lawsuit Inquiry Against Ricardo Benjamín Salinas Pliego of Grupo ELEKTRA for Stock Manipulation & Securities Fraud
- Digi Communications N.V. announced that its Spanish subsidiary, Digi Spain Telecom S.L.U., has completed the first stage of selling a Fibre-to-the-Home (FTTH) network in 12 Spanish provinces
- Natural Cotton Color lancia la collezione "Calunga" a Milano
- Astor Asset Management 3 Ltd: Salinas Pliego Incumple Préstamo de $110 Millones USD y Viola Regulaciones Mexicanas
- Astor Asset Management 3 Ltd: Salinas Pliego Verstößt gegen Darlehensvertrag über 110 Mio. USD und Mexikanische Wertpapiergesetze
- ChargeEuropa zamyka rundę finansowania, której przewodził fundusz Shift4Good tym samym dokonując historycznej francuskiej inwestycji w polski sektor elektromobilności
- Strengthening EU Protections: Robert Szustkowski calls for safeguarding EU citizens’ rights to dignity
- Digi Communications NV announces the release of H1 2024 Financial Results
- Digi Communications N.V. announces that conditional stock options were granted to a director of the Company’s Romanian Subsidiary
- Digi Communications N.V. announces Investors Call for the presentation of the H1 2024 Financial Results
- Digi Communications N.V. announces the conclusion of a share purchase agreement by its subsidiary in Portugal
- Digi Communications N.V. Announces Rating Assigned by Fitch Ratings to Digi Communications N.V.
- Digi Communications N.V. announces significant agreements concluded by the Company’s subsidiaries in Spain
- SGW Global Appoints Telcomdis as the Official European Distributor for Motorola Nursery and Motorola Sound Products
- Digi Communications N.V. announces the availability of the instruction regarding the payment of share dividend for the 2023 financial year
- Digi Communications N.V. announces the exercise of conditional share options by the executive directors of the Company, for the year 2023, as approved by the Company’s Ordinary General Shareholders’ Meetings from 18th May 2021 and 28th December 2022
- Digi Communications N.V. announces the granting of conditional stock options to Executive Directors of the Company based on the general shareholders’ meeting approval from 25 June 2024
- Digi Communications N.V. announces the OGMS resolutions and the availability of the approved 2023 Annual Report
- Czech Composer Tatiana Mikova Presents Her String Quartet ‘In Modo Lidico’ at Carnegie Hall
- SWIFTT: A Copernicus-based forest management tool to map, mitigate, and prevent the main threats to EU forests
- WickedBet Unveils Exciting Euro 2024 Promotion with Boosted Odds
- Museum of Unrest: a new space for activism, art and design
- Digi Communications N.V. announces the conclusion of a Senior Facility Agreement by companies within Digi Group
- Digi Communications N.V. announces the agreements concluded by Digi Romania (formerly named RCS & RDS S.A.), the Romanian subsidiary of the Company
- Green Light for Henri Hotel, Restaurants and Shops in the “Alter Fischereihafen” (Old Fishing Port) in Cuxhaven, opening Summer 2026
- Digi Communications N.V. reports consolidated revenues and other income of EUR 447 million, adjusted EBITDA (excluding IFRS 16) of EUR 140 million for Q1 2024
- Digi Communications announces the conclusion of Facilities Agreements by companies from Digi Group
- Digi Communications N.V. Announces the convocation of the Company’s general shareholders meeting for 25 June 2024 for the approval of, among others, the 2023 Annual Report
- Digi Communications NV announces Investors Call for the presentation of the Q1 2024 Financial Results
- Digi Communications intends to propose to shareholders the distribution of dividends for the fiscal year 2023 at the upcoming General Meeting of Shareholders, which shall take place in June 2024
- Digi Communications N.V. announces the availability of the Romanian version of the 2023 Annual Report
- Digi Communications N.V. announces the availability of the 2023 Annual Report
- International Airlines Group adopts Airline Economics by Skailark ↗️
- BevZero Spain Enhances Sustainability Efforts with Installation of Solar Panels at Production Facility
- Digi Communications N.V. announces share transaction made by an Executive Director of the Company with class B shares
- BevZero South Africa Achieves FSSC 22000 Food Safety Certification
- Digi Communications N.V.: Digi Spain Enters Agreement to Sell FTTH Network to International Investors for Up to EUR 750 Million
- Patients as Partners® Europe Announces the Launch of 8th Annual Meeting with 2024 Keynotes and Topics
- driveMybox continues its international expansion: Hungary as a new strategic location
- Monesave introduces Socialised budgeting: Meet the app quietly revolutionising how users budget
- Digi Communications NV announces the release of the 2023 Preliminary Financial Results
- Digi Communications NV announces Investors Call for the presentation of the 2023 Preliminary Financial Results
- Lensa, един от най-ценените търговци на оптика в Румъния, пристига в България. Първият шоурум е открит в София
- Criando o futuro: desenvolvimento da AENO no mercado de consumo em Portugal
- Digi Communications N.V. Announces the release of the Financial Calendar for 2024
- Customer Data Platform Industry Attracts New Participants: CDP Institute Report
- eCarsTrade annonce Dirk Van Roost au poste de Directeur Administratif et Financier: une décision stratégique pour la croissance à venir
- BevZero Announces Strategic Partnership with TOMSA Desil to Distribute equipment for sustainability in the wine industry, as well as the development of Next-Gen Dealcoholization technology
- Editor's pick archive....