Mohsin Nathani resigns as Standard Chartered CEO

9th April 2015

 
 

Mohsin Nathani has resigned from his post of CEO for UAE. Having served as the CEO of Standard Chartered Pakistan since 2010 and leading the bank’s UAE division since February, 2014, Nathani has decided to step down to take a “career break” and spend more time with his family abroad. He will serve a notice period of 6 months in UAE to ensure smooth transition for his successor.

Mohsin Nathani follows the path of other senior Standard Chartered executives who have bid farewell to the organization in the recent past. After regulatory fines and 40 percent drop in profits, Standard Chartered lost its chairman John Peace, Group CEO Peter Sands and regional heads Jaspal Bindra and V. Shankar.

Amidst the storm of financial regulations and low returns from emerging markets, Standard Chartered plans to downsize its retail force by 2,000 employees in 2015. They have already cut 2,000 jobs in the last quarter of the previous year.

 

 
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