Lloyds, HSBC Executives Seen as Favored for StanChart CEO
This article is for subscribers only.
Lloyds Banking Group Plc Chief Executive Officer Antonio Horta-Osorio is among Standard Chartered Plc shareholders’ preferred candidates to take the bank’s top job, according to two people with knowledge of the matter.
Horta-Osorio, 51, is favored to succeed Standard Chartered CEO Peter Sands after more than doubling Lloyds’s market value over the past three years and helping cut the government’s stake in the lender, said the people, who asked not to be identified because the deliberations aren’t public. HSBC Holdings Plc’s U.K. CEO, Antonio Simoes, 39, is also seen as a potential replacement, they said. They are both Portuguese.