Ex-StanChart chief executive Peter Sands in talks to advise the UK government

 
Jessica Morris
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Sands lost favour with investors after StanChart suffered falling earnings (Source: Getty)
he former chief executive of Standard Chartered is reportedly in talks to become an informal, unpaid government adviser.

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Peter Sands, who left the bank in June, will help the government navigate changes in the UK labour market according to the Financial Times.

However Sands won't have a direct role in financial regulation, and a formal appointment is yet to be made.

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Sands lost favour with investors after StanChart suffered falling earnings over the last two years, amid an emerging market slowdown and a series of scrapes with regulators.

He's been replaced by Bill Winters, who is a former head of JP Morgan's investment bank, and widely admired across the City.

Winters has since overhauled StanChart's management structure, introducing a new team to streamline the running of the bank, and is due to set out a new strategy by the end of this year.

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