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Richard Holmes quits as StanChart Europe CEO

Richard-HolmesRichard Holmes is leaving Standard Chartered Bank as its Europe CEO amid the management overhaul in the bank. He is stepping down after serving eight years at the bank. From August, Holmes’ responsibilities will be taken over by Tracy Clarke, who last July was made regional CEO for Europe and the Americas. Holmes was previous head of American Express’ banking arm in New York and studied economics at Cambridge University. He represented Standard Chartered on the boards of several industry lobbies, including the British Bankers’ Association and TheCityUK. Holmes said he will spend more time on his philanthropic work and consider non-executive boardroom positions. He said he had been asked to stay on at the bank for the last year to help CEO Bill Winters during the management transition.

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