EDITION: US | UK | Canada
Thecapitalpost.com - Breaking, International, Business, Sports, Entertainment, Technology and Video NewsThecapitalpost.com - Breaking, International, Business, Sports, Entertainment, Technology and Video News
Sign In|Sign Up
 
 
Bridging The Gap
StanChart exec quits after 'inappropriate' behaviour
  Saturday 09 June, 2018
StanChart 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.
Leaving the bank

The probe found Mr Barry's behaviour was "not in line with our valued behaviours, although it fell short of warranting his dismissal."

Mr Barry "expressed his regret if any of his interactions with his colleagues caused upset or offence - that was never his intention," a memo sent to staff said.

"He has also acknowledged that as a senior leader he must role-model the highest standards of behaviour."

Mr Barry will now pursue other opportunities, the memo said.

When Mr Barry was suspended, former FCA regulator Tracey McDermott became acting head of compliance at the bank. She will continue in that role, as well as being the bank's head of public policy and marketing.

Standard Chartered chief executive Bill Winters has been trying to improve the bank's compliance image after a series of issues including breaking US sanctions and money-laundering regulations.

Source: https://www.bbc.com/news/business-44411591

Bookmark and Share
 
Post Your Comments:
Name :
*
City / State:
*
Email address:
*
Type your comments:
*
Enter Security Code:   


 Latest News »
 
  Trump imposes new travel restr...
  Trump says will unveil overhau...
  House Democrats will move to r...
  Donald Trump rejects Democrati...
  Trump aides call on Democrats ...
  Trump plans to visit U.S.-Mexi...
  President Trump tells 7-year-o...
  Trump rejects Senate bill to a...
  Trump signs executive order gi...
  Trump approves additional fina...
  White House: Obamacare remains...
  George W. Bush, choking back t...
  President George H.W. Bush hon...
  Trump says Bush led ‘exemplary...
  President Trump's lieutenants:...
  President Donald Trump abruptl...
  Brian Kemp declares victory in...
  Lawmakers promise scrutiny of ...
  ‘Maybe he did and maybe he did...
  Trump in California to view fi...
 

Washington, DC

  ©2010 The Capital Post. All rights reserved.