StanChart folds industries team into M&A, cutting over 20 jobs, source says
Standard Chartered (STAN.L), opens new tab has folded its industries coverage team into its dedicated mergers and acquisitions advisory team, eliminating more than 20 roles globally to reduce duplication, a source with direct knowledge of the matter told Reuters.
The move, which began on Friday, doubles the mergers and advisory team to more than 100 bankers, the source said, declining to be named because the details are not public.
Source: REUTER