Standard Chartered reorganizes its Industries Coverage and M&A teams, cutting over 20 jobs globally.

Standard Chartered consolidates its Industries Coverage team with M&A advisory team, leading to over 20 job cuts globally. The bank aims to streamline its business and focus on key cross-border clients, with a goal to increase revenue from sources other than direct financing and target sectors for growth. The reorganization includes moving some roles into the broader coverage and capital markets teams, while doubling the size of the M&A team to over 100 bankers.

August 12, 2024
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