Lloyds and HSBC CEOs said being eyed for Standard Chartered CEO job

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Lloyds Banking CEO Antonio Horta-Osorio is among Standard Chartered shareholders’ preferred candidates to take the bank’s top job, according to two people with knowledge of the matter.

Bloomberg News reports that Horta-Osorio, 51, is favored to succeed Standard Chartered CEO Peter Sands after more than doubling Lloyds’s market value over the past three years and helping cut the government’s stake in the lender, said the people, who asked not to be identified because the deliberations aren’t public.

HSBC’s U.K. CEO, Antonio Simoes, 39, is also seen as a potential replacement, they said. They are both Portuguese.

Sands, 53, has struggled to restore investor confidence amid faltering earnings and a 29 percent slump in shares last year. With Singapore’s Temasek Holdings Pte and Aberdeen Asset Management Plc, the two largest shareholders, pressing Chairman John Peace to develop a succession plan, the London-based bank has hired executive search firm Egon Zehnder to help find a new CEO, a person familiar said earlier this week.

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