Standard Chartered has elevated an internal finance executive to the role of interim group chief financial officer following the immediate departure of Diego De Giorgi to Apollo Global Management.
Peter Burrill, who became part of the bank in 2017, moves into the interim CFO position from his existing responsibilities as group-head of central finance and deputy chief financial officer. In his new capacity, Burrill will be located in London and will report directly to Group CEO Bill Winters.
The bank said it will issue a separate statement when it makes a permanent appointment for the group CFO role. Until then, Burrill will carry the interim title and assume the duties associated with leading the finance function at the group level.
Before joining Standard Chartered, Burrill worked at Deutsche Bank where he occupied senior finance roles, including serving as group controller and co-head of group finance. Those prior responsibilities are cited in the bank's announcement as part of his finance credentials.
In a distinct release, asset manager Apollo confirmed that Diego De Giorgi will join its ranks as a partner and head of EMEA. The move marks De Giorgi's transition from his previous role at Standard Chartered to a leadership position within Apollo's European, Middle East and Africa operations.
Both the promotion of an internal deputy to an interim CFO role and the announcement of the former CFO's move to a major asset manager were described succinctly by the institutions involved, with the bank flagging that a permanent replacement process remains outstanding.
Context and implications - The bank's statement outlines an immediate change in its finance leadership, naming an interim steward while the search for a permanent group CFO is left open. Burrill's London location and direct reporting line to the CEO were specifically noted as part of the organisational detail accompanying the appointment.
Standard Chartered's announcement also references Burrill's prior experience at Deutsche Bank, where his roles included group controller and co-head of group finance. Separately, Apollo's statement confirmed De Giorgi's new role as partner and head of EMEA at the asset manager.
Further details about the timeline for selecting a permanent group CFO, or about any transitional arrangements beyond the immediate appointment, were not provided in the communications.