It must be tough being Peter Sands at the moment. After profit warnings and strategic re-thinks, Standard Chartered (slogan: here for good), once the doyen of emerging markets banking, is now openly looking for a successor. According to reports, headhunters have drawn up a brief which, if accurate, reads like a lonely hearts ad -or its modern-day equivalent, an online dating profile. "Emerging markets bank, aged 156, seeks smooth operator, preferably Singapore-based with regulatory clout and staying power."
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