IN BRIEF: Standard Chartered CFO leaves for private equity firm Apollo

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Standard Chartered PLC - London-based, Asia and Africa-focused lender - Chief Financial Officer Diego De Giorgi leaves the board and company immediately to join US private equity firm Apollo Global Management Inc as a partner and head of Europe, Middle East & Africa. Apollo has its European headquarters in London and notes it has $155 million in assets under management in the EMEA region. At Standard Chartered, Deputy CFO Peter Burrill steps up to interim CFO. He joined StanChart in 2017 from Deutche Bank AG. A permanent CFO will be announced ‘in due course’, the bank says. Di Giorgi had been seen as potential successor to StanChart Chief Executive Bill Winters, the Financial Times reports. StanChart is scheduled to release its 2025 results on February 24.

Current stock price: 1,796.00 pence, down 5.4% in London on Tuesday morning

12-month change: up 63%

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