Standard Chartered has elevated an internal finance executive to serve as interim group chief financial officer following the immediate departure of its prior CFO.
Peter Burrill has been named interim group CFO, the bank said on Tuesday. Burrill joined Standard Chartered in 2017 and is presently the group-head of central finance as well as the deputy chief financial officer. He will be based in London and will report directly to Group CEO Bill Winters.
His appointment follows the exit of Diego De Giorgi, who steps down with immediate effect to pursue an external opportunity. De Giorgi had joined Standard Chartered in September 2023 and was appointed group CFO in January 2024.
The bank said an announcement on a permanent appointment will be made in due course.
Burrill's prior roles include serving as group controller and co-head of group finance at Deutsche Bank. He began his professional career at KPMG, where he worked for nearly two decades across the United States and Germany.
Context and detail
This personnel change places an experienced internal finance leader in the interim CFO role. Burrill's current responsibilities at Standard Chartered include central finance functions and deputy CFO duties, and his new interim assignment will have him operating from the bank's London base under CEO Bill Winters' oversight.
De Giorgi's tenure at Standard Chartered was brief in comparison to Burrill's, having joined the lender in September 2023 and been elevated to group CFO in January 2024. The statement from the bank notes his decision to leave immediately to pursue an external opportunity, but it does not provide further details about that opportunity.
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Implications for markets and sectors
- Banking and financial services: The change affects senior finance leadership at a major British lender and will be followed by a search for a permanent CFO.
- Markets and investors: The announcement may prompt investor attention to governance and leadership continuity at the bank, though the lender has named an interim leader from within its finance ranks.
Contact and next steps
Standard Chartered has said it will communicate a permanent appointment in due course. Until then, Burrill will serve as interim group CFO and report to the group CEO while continuing to be based in London.