Asia-focused British bank Standard Chartered`s chief executive will step down in June, the company said on Thursday, following poor results, job cuts and fines for failing to detect possible money-laundering.
"Peter Sands will stand down from the Board and as Group Chief Executive in June 2015," the bank said in a statement, adding that he would be replaced by former JP Morgan co-CEO Bill Winters.
Zee News App: Read latest news of India and world, bollywood news, business updates, cricket scores, etc. Download the Zee news app now to keep up with daily breaking news and live news event coverage.
