StanChart Compliance Head Goes After ‘Inappropriate’ Conduct
- Neil Barry agrees to depart after investigation, memo says
- Executive’s managerial style, language contravened values
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Standard Chartered Plc’s compliance chief, Neil Barry, has left the bank after a disciplinary investigation found his behavior to be “inappropriate,” according to an internal memo.
The probe “concluded that Neil’s managerial style, behavior and language toward some of his colleagues was inappropriate and not in line with our valued behaviors,” Tracey McDermott, head of corporate, public and regulatory affairs, and Mark Smith, chief risk officer, said in the email to staff. His conduct fell short of warranting his dismissal, but he agreed to leave because of the expectations of his position, they said.