Standard Chartered has appointed Julian Wynter as its chief executive for the UAE, the bank said in a statement.
Mr Wynter was group head of internal audit for the lender and has also held country head roles in Malaysia and Japan, the statement said.
He replaces Mohsin Nathani, who left the emerging markets-focused bank in April.
Meanwhile, Standard Chartered reported an unexpected quarterly loss as chief executive Bill Winters struggles to reverse a share slide that has halved the bank’s value in the past two years.
The bank scrapped its dividend for the rest of the year and unveiled 15,000 job losses as it seeks to save $2.9 billion by 2018, according to a statement on Tuesday.
The sweeping job cuts, part of creating a “simplified” structure, are on a gross basis, it said. The London-based lender has about 86,000 employees.
The pretax loss of $139 million compared with a $1.53 billion profit a year earlier, the bank said. The average of five analyst estimates compiled by Bloomberg was for a $903 million profit.
With British regulators set to publish stress tests next month, the bank has held talks to raise at least $4bn, people familiar with the matter said previously.
The bank’s stock has declined 26 per cent in London this year.
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