Standard Chartered to restructure global M&A team to focus on target sectors, efficiency

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The Internal revamp at the UK lender will eliminate 20 roles globally and double the number of M&A bankers to 100, according to a Reuters report on Monday.

Goldman Sachs’ headcount fell 7 per cent globally in 2023, while Morgan Stanley and Bank of America reported a 2 to 3 per cent decline.

In that move, Roberto Hoornweg and Sunil Kaushal were appointed co-heads of corporate and investment banking, and each took on additional responsibility for different markets.

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Article Details

Author / Journalist: Aileen Chuang

Category: Business

Markets: Hong Kong

Topics: Chartered Hong Corporate Advisory Cent Kong Team According Investment Standard

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-12 @ 21:59:34 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 468 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 22033995

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