Standard Chartered this week announced the appointment of Simon Morris as CEO designate to Sri Lanka, replacing Clive Haswell, a prominent figure in the oil hedging fiasco.
Mr Morris moves to Colombo after a successful stint as CEO for Indonesia where he was instrumental in transforming the Indonesian franchise into a leading market for Standard Chartered. The appointment is subject to necessary regulatory approvals, the bank said.
Mr Haswell, whose lead role in the oil hedging deals with the Ceylon Petroleum Corporation was widely discussed in the Supreme Court, is taking up a regional role as Head Technologies and Operations for Standard Chartered Bank in the Middle East and North Africa based in Dubai, after completing his term of office in June this year and extended his stay in order to deliver the Bank through a transition the entire country experienced. |
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