HONG KONG: Standard Chartered Plc is seeking a leader with a tough-to-find mix of Asian experience and regulatory clout as it kicks off the search for a successor to CEO Peter Sands, investors, bankers and headhunters told Reuters.
The past 12 months have been tough for Standard Chartered (LSE: STAN). The Asia-focused bank has struggled as credit conditions across Asia have deteriorated, loan impairments have increased and growth has slowed.
If I own a fish'n'chips shop down at the beach during a very hot summer, I'm going to do very well. I may even have to expand as summer draws to a close and as beach-goers try to take in every last bit of the warm summer sun.