Standard Chartered has appointed Manus Costello as Group CFO and Tanuj Kapilashrami as Group COO just ahead of its Investor Day in Hong Kong. Goldman Sachs remains Buy-rated, anticipating medium-term RoTE targets exceeding 15%.
Key Takeaways
- 1.Manus Costello appointed Group CFO and Executive Director, effective immediately.
- 2.Tanuj Kapilashrami appointed Group Chief Operating Officer.
- 3.The appointments precede a highly anticipated Investor Day in Hong Kong where new targets are expected.
Table of Contents
- Executive Summary: Leadership Formalised Ahead of Strategic Update
- Expectations for tomorrow's Investor Day
- Valuation and risks
- Disclosure Appendix
- Reg AC
- GS Factor Profile
- M&A Rank
- Quantum
- Disclosures
- Company-specific regulatory disclosures
- Distribution of ratings/investment banking relationships
- Price target and rating history chart(s)
- Target price history table(s)
- Regulatory disclosures
- Ratings, coverage universe and related definitions
- Global product; distributing entities
- General disclosures
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Authors
Chris HallamMelissa Kuang, CFABenjamin Caven-RobertsSachin NayarWayne Wang
Securities
STAN.L2888.HK
Themes
Leadership TransitionCost Efficiency (Fit for Growth)Wealth Management Growth
Regions
UKAsia PacificEuropeUnited KingdomHong Kong