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Foreign Exchange

People moves: Night of the long knives at StanChart

It seems that Zeeshan Khan, who joined Standard Chartered as head of e-commerce earlier this year, is starting to make his presence felt. Well-placed sources say Khan put his 22 staff, who previously reported to Stamos Fokianos, on notice of redundancy. Most, including Fokianos, have now been let go. As a result, there has been a clear out in the bank’s electronic sales team – supposedly it has nothing to sell because of the bank’s weak e-commerce offering. No word from StanChart at the time of writing.

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