Business
Directorate and Group Management Team Changes
Standard Chartered PLC announced significant changes to its board and group management team, appointing Manus Costello as Group Chief Financial Officer and Executive Director, subject to regulatory approval, with immediate effect as interim GCFO. Costello, who joined in April 2024 and holds 8,216 shares, will receive a base salary of £1,100,000 per annum and a pension allowance of £110,000. Additionally, Tanuj Kapilashrami has been appointed Group Chief Operating Officer, effective immediately, to oversee strategy and transformation. Disclaimer*
About this update from Standard Chartered Plc
[{"type":"text","content":"\n\n18 May 2026\nSTANDARD CHARTERED PLC\nANNOUNCES CHANGES TO ITS BOARD AND GROUP MANAGEMENT TEAM\nStandard Chartered PLC (the \"Company\") today announces that Manus Costello (50) will be appointed as Group Chief Financial Officer (\"GCFO\") and join the Board as an Executive Director, subject to regulatory approval. He will become interim GCFO with immediate effect. Manus will be based in London and report directly to Group Chief Executive, Bill Winters. As GCFO, he will also become a member of the Group Management Team.\nManus takes up his new role after joining the Company in April 2024 as Global Head of Investor Relations. Prior to that, Manus had 25 years of experience in equity research, including as a founding partner and Global Head of Research at Autonomous.\nCommenting on the appointment, Bill Winters, said: \"I am delighted that Manus has agreed to take on the role of Group Chief Financial Officer. 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. This will further benefit Standard Chartered as we move forward into our next phase of growth and deliver on our medium-term financial objectives.\n\"At the same time, I offer my sincere thanks to Pete Burrill for stepping in as interim GCFO, in helping us maintain the pace of financial and strategic progress. He has made a valuable contribution to the Group.\"\nManus Costello said: \"Standard Chartered is a compelling franchise, offering cross-border capabilities that are deeply valued by our clients. 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.\"\nThe Company also announces the appointment of Tanuj Kapilashrami as Group Chief Operating Officer. This role is effective immediately and serves as an enabler of the Group's growth and transformation agenda. This role will provide oversight of Strategy, Group-wide transformation, ensuring disciplined delivery and resilience of our corporate functions. Tanuj has been a member of the Group Management Team since 2021 having joined Standard Chartered in 2017. She continues to report to Bill Winters.\nADDITIONAL INFORM...