13 March 2013 06:45

StanChart CEO: No Plans to Move Headquarters Away From London

Business_L

By Fiona Law

HONG KONG-- Standard Chartered PLC (STAN.LN) has no plans to move its headquarters away from London despite concerns over the bonus cap in Europe, its Chief Executive Officer Peter Sands said Wednesday.

The management is concerned over the bonus cap's impact on the bank's ability to recruit and retain talents, Mr. Sands said, though he added Standard Chartered is committed to maintaining its competitiveness in recruiting talents.

However, Standard Chartered has no plans to move away from the U.K. "We have obligations to review the trade-offs of maintaining our domicile in the U.K.," Mr. Sands said, and "we keep reviewing, but our reference [is] to remain in the U.K."

Open Equity Research for Standard Chartered here.

He said the U.K. remains a leading international financial center in the world.

Early this month, finance chiefs from the European Union made it clear they will back a preliminary deal to impose strict caps on banker's bonuses, preventing banks from promising bonuses that exceed an employee's fixed salary. Bonuses could rise to twice a banker's fixed salary, but only with explicit shareholder approval.

 

Write to Fiona Law at fiona.law@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

(END) Dow Jones Newswires

March 12, 2013 23:58 ET (03:58 GMT)

Copyright (c) 2013 Dow Jones & Company, Inc.

 

Post comment

Related debate

  • 1 week
  • 1 month
  • 1 Year
20 Apr
PNDORA
  Jeg har flere gange analyseret Pandora, senest den 23. marts efter årsregnskabet. Den seneste tid ..
38
18 Apr
PNDORA
Jeg har læse op på denne aktie i aften idet jeg ikke forstår at en C20 aktie kan få så stort et fald..
31
21 Apr
PNDORA
Du er dødbringende for EI, Goodwrench. Man gider snart ikke læse med mere, når du forurener/destruer..
29
23 Apr
BAVA
Tag det roligt.....Baronen er EI's største klovn og han elsker at optræde:-)
22
21 Apr
PNDORA
Styr dog det der Aspergers eller ADHD du kæmper med - hvad skal vi dog med de tåbelige kommentarer f..
21
20 Apr
 
EU skal tilbage til en handels afale landene imellem, glem alt omfaelles regering,faelles valuta og ..
18
17 Apr
BAVA
I morgen kører det løs igen på Børsen i Danmark af begivenheder vi skal være opmærksom på er følgend..
18
23 Apr
PNDORA
  Det meste tyder i mine øjne på, at Pandora showet fortsætter næste uge med nye fald.       Jeg ove..
17
22 Apr
 
Manden kommer med noget helt reelt, som kan diskuteres. I stedet bliver der svaret på sædvanlig EI ..
17
19 Apr
VWS
Man er nødt til at erkende ganske få ting for at forstå Vestas....   Gennem tiden har Vestas haft el..
17

Alliance Trust PLC : Net Asset Value(s)

24/04/2017 15:58:47
ALLIANCE TRUST PLC                                    At the close of business on Friday 21 April 2017: The Company's NAV per ordinary share, valued on a bid price basis with Debt at Par, was -       excluding income, 707.7p -       including income, 715.1p  The Company's NAV per ordinary share, valued on a bid price basis with Debt at Fair Value, was -       excluding income..

OZ Management LP : Form 8.3 - Standard Life plc

24/04/2017 12:50:48
FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the "Code") 1.         KEY INFORMATION (a) Full name of discloser: OZ Management LP and Och-Ziff Management Europe Ltd ..

Form 8.5 (EPT/RI) - Booker Group plc

24/04/2017 08:15:35
FORM 8.5 (EPT/RI) PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY 1.         KEY INFORMATION (a) Name of exempt principal trader:   Investec Bank plc   (b) Name of offeror/offeree in relation to whose relevant se..

Most read news

  • 24 hours
  • 48 hours
  • 1 week
1
Butler students launch Bermuda-based captive insurer
2
UPDATE – Religious Studies Students Welcome at the Church Of Scientology Information Center
3
Foxminers Launches Revolutionary Mining Chip
4
Novartis real-world data at AAN confirms benefit of Gilenya® on four key measures of disease activity in relapsing MS
5
Fire at Yara Porsgrunn plant

Buy and sell signals

  • Trend
  • Moneymachine

Copyright Euroinvestor A/S 2017   Disclaimer and Terms of Use
Quote information is delivered by Interactive Data.
Data is delayed 15-20 minutes according to the distribution agreements set by the different exchanges.
 
24 April 2017 18:11:18
(UTC+00:00) Dublin, Edinburgh, Lisbon, London
Version: LiveBranchBuild_20170403.1 - EUROWEB5 - 2017-04-24 19:11:18 - 2017-04-24 18:11:18 - 1000 - Website: OKAY