Standard Chartered appointed Peter Burrill as interim Group CFO as Diego De Giorgi steps down with immediate effect.
De Giorgi had been viewed by some as a potential successor to Group Chief Executive Officer Bill Winters, according to Reuters.
That perception heightened market sensitivity around his exit, with shares in Standard Chartered falling following the announcement.
The lender’s London-listed stock dropped 4.1 percent at the open, while its Hong Kong-listed shares slid as much as 6.4 percent before paring losses to trade about 1.7 percent lower. The move underperformed the broader Hang Seng Index, which was up nearly 0.6 percent.
De Giorgi is leaving after around two years in the role to join Apollo Global Management as Head of EMEA.
The bank said Burrill will be based in London and report directly to Winters, with an update on a permanent appointment to be made in due course.
Burrill currently serves as Group Head of Central Finance and Deputy Chief Financial Officer, a role he has held since joining Standard Chartered in 2017.
His previous experience includes senior finance roles at Deutsche Bank, and earlier in his career, nearly two decades at KPMG working across the United States and Germany.
He is also Chair of the SCB AG Supervisory Board, a position he has held since March 2025.
Bill Winters, Group CEO said,
“As deputy CFO, Pete has extensive sectoral experience. He likewise provides valuable continuity to the leadership of our finance function and takes on the position as a well-regarded member of our global leadership team.
Under his interim stewardship we remain well-positioned to capitalise on the strategic focus and momentum of our business. I thank Diego for his contribution as GCFO, including his valuable support in executing on our strategy. We wish him well for the future.”
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