Standard Chartered picks new investment banking regional heads, source says

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Standard Chartered has picked new regional heads for its corporate and investment banking business (CIB), according to a person with knowledge of the matter, as the Asia-focused bank undergoes a major management reshuffle. Torry Berntsen was named executive vice-chairman for CIB Europe, Americas, the Middle East & Africa, the person said. Steve Cranwell will head CIB operations for the United States, Europe and the Americas, Kariuki Ngari for Kenya and Africa, while Rola Abu Manneh will oversee the United Arab Emirates as well as the wider Middle East region and Pakistan.