Diego De Giorgi named as new group CFO of Standard Chartered
Standard Chartered has appointed Diego De Giorgi as its new group chief financial officer (GCFO) and group executive director (GED).
Standard Chartered appoints Diego De Giorgi as GCFO and GED
De Giorgi assumed the position as GCFO designate on 1 September and is expected to join the board as GED in Q1 2024, pending regulatory approval.
He brings over three decades of experience in financial services to the role, and will report directly to the group chief executive, Bill Winters.
De Giorgi’s most recent experience extends to the special purpose acquisition company (SPAC) Pegasus Europe, where he served as co-chief executive between April 2021 and May 2023, and UniCredit, as an independent non-executive director between April 2020 to April 2021.
Prior to his most recent appointment, De Giorgi held a variety of leadership roles at Bank of America Merrill Lynch during a six-year tenure starting in 2013. This included as co-head of corporate and investment banking (EMEA) and then as head of global investment banking.
He also spent 18 years at Goldman Sachs, first in roles across the equity capital markets and financial institutions groups, based in London, UK, and then as chief operating officer of its investment banking division, before leaving the bank in 2012.
Speaking on his latest appointment by Standard Chartered, De Giorgi says he hopes to “capture the opportunities presented by the bank’s extraordinary footprint”.
“I look forward to helping maximise the great potential of Standard Chartered while maintaining financial discipline and capital strength.”
Adding to this, Winters recognises De Giorgi’s “strong business experience, deep commercial acumen, strategic expertise and leadership skills” and that he plans to engage with the new hire to “continue to deliver on our strategy and financial targets”.
De Giorgi succeeds the position of GED and GCFO from Andy Halford, who after nine years in the position, is preparing to retire. However, Halford intends to continue as GCFO and GED until regulatory approval is given and will continue as a senior advisor until he retires on 31 August 2024.
In a statement, Halford says “it is the right time to pass the GCFO role to a new leader”.
News of Halford’s departure comes just weeks after long-standing executive Manohar Chadalavada announced he was leaving the bank to pursue a new business endeavour.
