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Standard Chartered Urged To Relocate Domicile From UK As Bank Levies Bite - Report

Tom Burroughes

23 March 2015

Large investors in is a big hit for Standard Chartered. The bank would need to weigh up how much it would cost to switch domiciles, but it is looking more like a possible option.”

In late February, the bank announced that Sands was standing down as CEO and is being replaced by Bill Winters, a former top executive at JP Morgan. Winters will be based in London.

Separately, another big-name move at the head of a bank came from Brady Dougan, CEO of Credit Suisse, who is standing down. He is being replaced by Tidjane Thiam, CEO of Prudential, the London-based financial services group.