Senior StanChart executive resigns to set up private equity firm

Singapore

ANOTHER of Standard Chartered's senior global executives is leaving the bank.

V Shankar, group executive director and chief executive officer of Europe, Middle East, Africa and Americas, has resigned to set up a private equity fund.

The India-born Singaporean will leave the bank on April 30 after 13 years, but will serve out his gardening leave till the end of September.

The departure from StanChart was made on "very positive terms", Mr Shankar told The Business Times. "I'm leaving on very cordial…