STANDARD Chartered announced yesterday that former Vodafone chief financial officer (CFO) Andy Halford is set to become group finance director at the bank.
Halford steps into Richard Meddings’ place at the end of June – the former finance boss announced that he was leaving in January, when the reorganisation of the wholesale and consumer banking arms of the firm was revealed.
Halford spent a decade and a half at Vodafone before resigning two months ago, and was CFO at Verizon Wireless for three years during his time there.
Standard Chartered faced a shareholder revolt earlier this month, as investors came close to overturning the directors’ remuneration policy. At its annual general meeting, 41 per cent of investors voted against the proposal.
Standard Chartered issued a profit warning six months ago, after it was hit by the cooling of attitudes towards emerging markets.
Halford said the bank had opportunities in “dynamic markets” and that he was delighted to be joining it.