Standard Chartered appoints new group CFO

Standard Chartered has appointed Manus Costello as its next group CFO, following the departure of Diego De Giorgi in February after nearly three years at the bank.

De Giorgi left Standard Chartered to join Apollo Global Management as head of the EMEA region.

After his exit, the Asia- and Africa-focused bank appointed Peter Burrill as interim CFO in early February.

The banking giant in a statement said Costello will initially take on the role of interim group CFO with immediate effect.

He will also join the board as an executive director, subject to regulatory approvals.

He joined Standard Chartered in 2024 as global head of investor relations.

The bank said he has 25 years of experience in equity research, including as a founding partner and global head of research at Autonomous.

Costello will be based in London and report to group chief executive Bill Winters.

Commenting on the appointment, Winters said: “Since joining Standard Chartered two years ago, he has made a significant contribution to the group’s strategic positioning and engagement of stakeholders, while also bringing strong rigour and an entrepreneurial mindset to the role.”

Costello said: “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.”

Separately, Standard Chartered also appointed Tanuj Kapilashrami as group COO, with immediate effect.

In that position, she will oversee strategy and transformation across the group. Kapilashrami joined the bank in 2017 and has been a member of its group management team since 2019. She will continue to report to Winters.

"Standard Chartered appoints new group CFO" was originally created and published by Private Banker International, a GlobalData owned brand.

The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.