Friday, 8 June 2018

Standard Chartered exec quits after 'inappropriate' behaviour

The head of compliance at Standard Chartered has stepped down after an internal investigation found his behaviour to be inappropriate.

Neil Barry's "managerial style, behaviour and language" towards staff was "not in line with our valued behaviours," an internal memo said.

The bank said Mr Barry's behaviour was not bad enough for him to be sacked.

Bank boss Bill Winters has been focusing on the bank's compliance after US money-laundering issues.

Mr Barry was placed on leave in March after complaints were made through the bank's internal whistleblower mechanism, "Speak Ups".
"As a result of the investigation, we went through a full and fair disciplinary process," the bank said.

BBC     News.

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