UPDATE 1-Standard Chartered names Manus Costello as permanent CFO

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.

Standard Chartered