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StanChart Restructures Sector Coverage as Anantharaman Retires

  • Global Industries Group head leaving after eight years
  • Firm to focus dedicated banker coverage on certain sectors
Visitors leave the headquarters of Standard Chartered Plc in London.

Visitors leave the headquarters of Standard Chartered Plc in London.

Photographer: Chris Ratcliffe

Standard Chartered Plc is restructuring the team of bankers that provides dedicated coverage to different sectors as V. Anantharaman, head of its Global Industries Group, retires from the bank.

The London-based firm will keep dedicated coverage of industries where it has scale, according to an internal memo obtained by Bloomberg. Oil and gas, metals and mining, and clean technology are among the focus areas, it said in the Sept. 11 memo, which was sent by global banking head Paul Skelton.