Standard Chartered, the FTSE-100 bank, has kicked disconnected a hunt for a successor to its seasoned concern chief.
Sky News has learnt that the emerging markets lender is moving with Russell Reynolds Associates, the hunt firm, to place a replacement for Andy Halford.
City sources said an assignment was apt to beryllium made successful the coming months up of Mr Halford retiring aboriginal successful 2023.
A erstwhile Vodafone executive, Mr Halford, who has been astatine Standard Chartered for astir a decade, is besides the elder autarkic manager of Marks & Spencer.
News of the hunt process volition astir surely mean that Bill Winters, Standard Chartered's main enforcement since 2015, is apt to stay successful spot for astatine slightest different 2 years.
That is due to the fact that the bank's committee would not privation its 2 enforcement directors to permission successful speedy succession, according to 1 insider.
In March, the Financial Times reported that the slope had started preparing for Mr Halford's "eventual departure", prompting it to accidental it had not initiated immoderate process.
Headquartered successful London, Standard Chartered makes the bulk of its nett successful Asia, and besides boasts a large beingness successful parts of Africa.
Like astir banks, it has benefited from rising involvement rates, and its shares person risen by astir a 3rd implicit the past year.
A spokesperson for Standard Chartered, which has a marketplace worth of astir £17bn, declined to remark connected Thursday.