StanChart CEO Said to Mull Spinning Out PE Unit to Managers

  • Standard Chartered Private Equity said to manage $5 billion
  • Bank’s principal finance unit posted losses in first half

Standard Chartered Plc is considering spinning out its private-equity business to its managers, as Chief Executive Officer Bill Winters continues efforts to simplify the bank and reduce the amount of risk it takes, according to two people familiar with the matter.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.