Standard Chartered has appointed Manus Costello as Group Chief Financial Officer (CFO) as the bank updates its senior leadership team.
Costello will also join the Board as an Executive Director, subject to regulatory approval.
He becomes interim Group CFO with immediate effect and will be based in London.
He will report directly to Standard Chartered Group CEO Bill Winters and join the group’s management team as part of his new role.
Costello joined Standard Chartered in April 2024 as Global Head of Investor Relations.
Prior to that, he spent 25 years in equity research, including as a founding partner and Global Head of Research at Autonomous.
Bill Winters, Group CEO of Standard Chartered, said,
“I am delighted that Manus has agreed to take on the role of Group Chief Financial Officer.
Since joining Standard Chartered two years ago, he has made a significant contribution to the group’s strategic positioning and engagement of stakeholders, while also bringing strong rigour and an entrepreneurial mindset to the role.”
Winters also thanked Pete Burrill, who had been serving as interim Group CFO, for supporting the bank during the transition.
Costello added,
“Standard Chartered is a compelling franchise, offering cross-border capabilities that are deeply valued by our clients.
As the Group Chief Financial Officer, I look forward to playing my part in building on our momentum, and in delivering on our future ambition at this exciting time for the business.”
Standard Chartered also appointed Tanuj Kapilashrami as Group Chief Operating Officer, effective immediately.
Kapilashrami, who joined Standard Chartered in 2017, has been a member of the Group Management Team since 2021. She will continue to report to Winters.
In her new role, she will oversee strategy, group-wide transformation, disciplined delivery and the resilience of the bank’s corporate functions.
Featured image: Edited by Fintech News Singapore, based on image by mrsiraphol via Magnific
