Standard Chartered poaches HSBC veteran

Standard Chartered announced on Thursday that it has hired HSBC veteran Simon Cooper to head up its corporate and institutional banking division.

Cooper, who is chief executive of HSBC’s commercial banking division, is due to join StanChart in April following regulatory approval.

Chief executive officer Bill Winters said: “Simon is at the top of his game as a world-class banker with unrivalled experience across our markets and our businesses."

“He will join the group at a crucial time for the CIB business as we focus on delivering higher returns and selectively growing our client base, boosting investment in core products and services.”

Cooper has been at HSBC since 1989, where he was CEO of HSBC Middle East and North Africa and CEO of HSBC Korea.

At 1406 GMT, StanChart shares were up 8.2% at 554.80p.