Another top executive leaves Standard Chartered

BY SHAME MAKOSHORI
Standard Chartered Bank Zimbabwe chief financial officer (CFO) and executive director Christopher Mwerenga will leave the bank at the end of May, a month after the departure of chief executive, Ralph Watungwa.

StanChart is navigating through a transformation process mainly trigged by last month’s announcement that the lender would be sold by its parent, United Kingdom-headquartered Standard Chartered Bank Plc, which is moving out of a string of emerging markets.

In a statement accompanying financial statements for the year ended December 31, 2022, StanChart chairman Samuel Mushiri, said the outgoing CFO had been replaced by Geri Mangori.

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