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STANCHART Jose Vinals: Trade War Has Little Impact on Firm; New Chairman Called to Keep Communication with Stakeholders
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Jose Vinals, Chairman of STANCHART (02888.HK), said in a media interview that only 1% of STANCHART's corporate and investment banking revenue comes directly from China-US trade finance, which is insignificant to STANCHART. STANCHART's CIB corporate and investment banking operating income for 2024 amounted to US$11.8 billion, up 5% YoY, according to STANCHART's results announced last month. Vinals will retire after the May shareholders' meeting. He suggested that Maria Ramos, who will take over as Chairman, should continue to make more foreign visits, maintain close communication with external parties and other stakeholders and provide constructive advice to the management, as well as continue to be accountable to the relevant senior management in different departments. AAStocks Financial News |
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