Standard Chartered U.A.E. Chief Executive Mohsin Nathani Resigns

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Mohsin Nathani, Standard Chartered Plc’s chief executive officer for the United Arab Emirates, has resigned, becoming the latest in a string of departures from the London-based bank.

Nathani is taking a career break to spend more time with his family, the bank said in an e-mailed statement. He will remain at the bank during his notice period. Based in Dubai, Nathani had been in the job since February last year and was previously Standard Chartered’s CEO in Pakistan. The U.A.E. is one of the lender’s top five markets.