(Corrects surname to Costello not Manus in paragraphs 4-6)
May 18 (Reuters) – Standard Chartered on Monday appointed Manus Costello as its permanent chief financial officer, succeeding Diego De Giorgi, who resigned in February after nearly three years with the bank.
StanChart had named Peter Burrill as its interim CFO in early February, following the abrupt exit of De Giorgi, who had left the Asia- and Africa-focused lender to join Apollo as head of the EMEA region.
De Giorgi’s departure was seen as a massive blow to the bank, as he was viewed as a contender to succeed StanChart Chief Executive Bill Winters, the longest-serving banking chief among large British banks.
StanChart said Costello would become the interim group chief financial officer effective immediately, and would join the board as an executive director, subject to regulatory approvals.
Costello, who joined the bank in 2024 as the global head of investor relations, has 25 years of experience in equity research, StanChart said.
Costello will be based in London and report directly to Winters.
(Reporting by Rajasik Mukherjee in Bengaluru; Editing by Mark Porter)
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