Standard Chartered PLC has moved swiftly to fill its top finance role on an interim basis after a senior executive departed to join a major asset manager.
According to an exchange filing made Tuesday, the London-based lender has appointed Andy Burrill as interim chief financial officer. Burrill currently holds the positions of group head of central finance and deputy chief financial officer at Standard Chartered and will perform his interim CFO duties from the bank's London base.
Group Chief Executive Bill Winters commented on the change, saying, "Under his interim stewardship, we remain well-positioned to capitalize on the strategic focus and momentum of our business."
The bank's filing confirmed that Diego De Giorgi has stepped down as an executive director and group CFO, effective immediately. Standard Chartered added that it will name a permanent group CFO in due course.
In a separate announcement, Apollo Global Management said De Giorgi will join the firm as a partner and will head its activities in Europe, the Middle East and Africa. Apollo indicated that De Giorgi will succeed Rob Seminara, a long-serving partner at the firm. Seminara is expected to stay in the region to support the handover process before assuming new responsibilities at Apollo later this year.
This management change affects senior leadership at both a global bank and a leading private markets manager. The move creates an interim leadership arrangement at Standard Chartered's finance function while Apollo formalizes its incoming EMEA head.
Details about the timing and candidate for a permanent group CFO at Standard Chartered were not provided in the bank's filing. Apollo's statement likewise confined itself to the announcement of De Giorgi's new role and the planned transition with Seminara.
The exchange filing and Apollo's separate statement make up the public record of these appointments and the associated transition arrangements.