Standard Chartered CFO De Giorgi steps down to be head of EMEA at Apollo

(Sharecast News) - Standard Chartered has appointed Peter Burrill as interim group chief financial officer, as Diego De Giorgi is stepping down with immediate effect to join Apollo as a partner and head of EMEA. StanChart said in a statement on Tuesday that De Giorgi was leaving "to pursue an external opportunity".

Burrill, who will be based in London, will report directly to chief executive Bill Winters.

StanChart said an announcement on the permanent appointment of a CFO will follow in due course.

Burrill is currently group head, central finance and deputy chief financial officer at Standard Chartered Bank. Prior to joining the bank in 2017, he was group controller and co-head of group finance at Deutsche Bank.

He started his career at KPMG where he spent almost twenty years, including ten years in the US followed by ten years in Germany.

Bill Winters said: "As deputy CFO, Pete has extensive sectoral experience. He likewise provides valuable continuity to the leadership of our finance function and takes on the position as a well-regarded member of our global leadership team. Under his interim stewardship we remain well-positioned to capitalise on the strategic focus and momentum of our business."

In a separate announcement, Apollo said De Giorgi will succeed longtime partner Rob Seminara in the role of head of EMEA.

Apollo president Jim Zelter said: "We have known Diego for many years and believe he will be a terrific steward of business in this next phase, bringing significant industry experience and a European perspective.

"He starts in a position of strength, succeeding Rob who has overseen strong AUM growth, the formation of new businesses and a continued expansion in local markets during his tenure in Europe."