Standard Chartered compliance chief leaves bank after investigation

LONDON (Reuters) – Standard Chartered (STAN.L) compliance chief Neil Barry will leave the bank with immediate effect, according to an internal memo seen by Reuters, after an investigation into his behavior.

FILE PHOTO: People pass by the logo of Standard Chartered plc at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. Picture taken October 19, 2017. REUTERS/Chris Helgren

The investigation concluded Barry’s “managerial style, behavior and language towards some of his colleagues was inappropriate … although it fell short of warranting his dismissal,” the memo said.

Barry has expressed his regret, the memo said. He could not be immediately reached for comment.

A spokesman for StanChart confirmed the contents of the memo.

Reporting by Lawrence White; Editing by Mark Potter

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