Standard Chartered today announced the elevation of Roberto Hoornweg to chief executive of its Corporate & Investment Banking division, consolidating leadership previously shared with Sunil Kaushal.

Kaushal, who has served the Asia-focused lender for 27 years, is scheduled to retire on March 31, 2026.

Hoornweg and Kaushal had been appointed global co-heads of the unit in March 2024 as part of a broader reshuffle.

Under the new arrangement, Hoornweg will assume sole responsibility for the bank’s operations in the Americas, Europe, Middle East and Africa, while Judy Hsu will take over Kaushal’s duties overseeing ASEAN and South Asia, in addition to her existing leadership roles in wealth, retail banking, Greater China and North Asia.

Hoornweg joined Standard Chartered in 2017 as global head of financial markets and has since been a member of the Group Management Team.

During his tenure, he has overseen trading, capital markets and financing operations across multiple regions.

Kaushal’s contributions have included launching digital banking platforms across nine African markets, driving retail transformation in the United Arab Emirates, and helping establish banking operations in Saudi Arabia, Egypt and Morocco.

The impending transition reflects the bank’s aim to streamline its structure and clarify executive accountability.

The leadership change comes amid continuing efforts to sharpen profitability and strategic coherence in the bank’s corporate banking and capital markets businesses.

The bank’s reorganisation in 2024 removed a regional reporting framework to enhance global coordination across markets.

Hoornweg’s expanded remit is expected to bring greater unity to the bank’s cross-border deal flow and distribution operations.

Observers note that with Kaushal’s retirement, Standard Chartered is entering a crucial phase as it recalibrates its investment banking ambitions in key global markets.