Standard Chartered PLC today announced that Manus Costello will be appointed as Group Chief Financial Officer and join the Board as an Executive Director, subject to regulatory approval.

He will become interim Group CFO with immediate effect. Manus Costello will be based in London and report directly to Group Chief Executive, Bill Winters. As Group CFO, he will also become a member of the Group’s Management Team.

Mr Costello takes up his new role after joining the Company in April 2024 as Global Head of Investor Relations. Prior to that, he had 25 years of experience in equity research, including as a founding partner and Global Head of Research at Autonomous.

Manus Costello said:

“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.”

The company also announced the appointment of Tanuj Kapilashrami as Group Chief Operating Officer. This role is effective immediately and serves as an enabler of the Group’s growth and transformation agenda. This role will provide oversight of Strategy, Group-wide transformation, ensuring disciplined delivery and resilience of our corporate functions.

Tanuj Kapilashrami has been a member of the Group Management Team since 2021 having joined Standard Chartered in 2017. She continues to report to Bill Winters.