StanChart CEO Said to Mull Spinning Out PE Unit to ManagersBy
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.
If you believe that you may have received this message in error please let us know.