Standard Chartered announced Monday that Manus Costello will serve as the bank’s new permanent chief financial officer, taking over from Diego De Giorgi, who stepped down in February following almost three years at the financial institution.
The bank had previously appointed Peter Burrill to fill the CFO position on an interim basis in early February after De Giorgi’s sudden departure. De Giorgi left the Asia- and Africa-focused banking institution to take a leadership role at Apollo, where he will oversee the EMEA region.
The loss of De Giorgi was considered a significant setback for the bank, given that he was regarded as a potential successor to Standard Chartered Chief Executive Bill Winters, who holds the distinction of being the longest-tenured banking leader among major British financial institutions.
According to Standard Chartered, Costello will assume the role of interim group chief financial officer with immediate effect and will become a member of the board as an executive director, pending regulatory approval.
Costello became part of the banking organization in 2024 when he took on the position of global head of investor relations, bringing with him a quarter-century of expertise in equity research, the bank noted.
The new CFO will work from London and will report directly to Winters.
