London-headquartered Standard Chartered’s chief financial officer has decided to retire. A former Bank of America executive has been hired as a successor.
Standard Chartered appoints Diego De Giorgi as chief financial officer, according to a statement, succeeding Andy Halford who has decided to retire.
De Giorgi will join the bank on September 1 as group CFO designate before being appointed as group CFO and group executive director of the board in the first quarter of 2024, subject to regulatory approval. Based in London, he reports to CEO Bill Winters.
De Giorgi, 53, was most recently the co-CEO of Pegasus, Europe’s largest special purpose acquisition company. Previously, he worked at Bank of America serving in leadership roles including head of global investment banking and EMEA co-head of corporate and investment banking. Prior to that, he also worked at Goldman Sachs, including as the chief operating officer of its investment bank.
Smooth Transition
Meanwhile, Halford will continue to serve as group CFO and group executive director of the board until De Giorgi receives regulatory approval. Thereafter, Halford, who first joined Standard Chartered in 2014, will remain with the bank and serve as senior advisor until he retires on 31 August 2024.
«With over three decades of experience in the global financial services sector, [De Giorgi] brings strong business experience, deep commercial acumen, strategic expertise and leadership skills,» Winters added.
