MUFG said it promoted Bill Davidson to lead the new global technology sector within the bank’s global corporate and investment banking group, according to a statement obtained by Thomson Reuters LPC.
Reuters reports that as global head of technology banking, a role that took effect on June 1, Davidson, a managing director, will focus on deepening existing relationships and increasing MUFG’s client roster. The bank now has 175 technology clients globally, with about two-thirds based in the US.
In the meantime, BBC reports that the head of compliance at Standard Chartered has stepped down after an internal investigation found his behaviour to be inappropriate.
Neil Barry's "managerial style, behaviour and language" towards staff was "not in line with our valued behaviours," an internal memo said.
The bank said Barry's behaviour was not bad enough for him to be sacked.