Former UK Financial Watchdog’s Tracey McDermott Joins Standard Chartered

[kreslik.news]

Standard Chartered has appointed Tracey McDermott, the former acting head of the UK’s financial watchdog, the Financial Conduct Authority, to head up its corporate, public and regulatory affairs.

McDermott joins Standard Chartered’s management committee as it proceeds with its restructuring plans to improve its performance. Bill Winters, its chief executive, is reported by the Financial Times to be seeking to shed $100 billion of risky assets, strip $2.9 billion from its annual cost base and cut 15,000 of its 86,000 jobs by 2018.

With jobs high on the agenda, Finance Magnates reported in November that the bank would be cutting ... ([url=http://www.financemagnates.com/executives/moves/former-uk-financial-watchdogs-tracey-mcdermott-joins-standard-chartered/]read more)