By Andrew Young-
A standard Chartered’s compliance chief has been fired from the bank after the lender found his management style and behaviour offensive, inappropriate and out of line with its values.
His sacking follows an investigation launched by the group into Neil Barry’s behaviour earlier this year, following complaints from staff.
Standard Chartered said that his behaviour was not deemed serious enough to warrant dismissal, but that both parties agreed that Mr Barry will “move on and pursue other opportunities”, leaving the bank with immediate effect. Organisational bosses will always defend their staff as much as possible, but his decision to leave his job is a covert form of dismissal without quite saying so. Inappropriate behaviour is never permitted in any circumstances.
“Neil has expressed his regret if any of his interactions with his colleagues caused upset or offence – that was never his intention. He has also acknowledged that as a senior leader he must role-model the highest standards of behaviour,” the memo continued.
Tracey McDermott, former head of the Financial Conduct Authority, has taken up his role as head of compliance as well as head of corporate, public and regulatory affairs. Standard Charters provide banking services aimed at the creation of wealth and growth across our markets. Our heritage and values are expressed in our brand promise. The company has over 86,000 employees in more than 60 markets, boasting a 150-year history in doing business with the London and Hong Kong Stock Exchanges, as well as the Bombay and National Stock Exchanges in India. The Company professes to adhere to global standards of conduct and compliance. The company works at the core of sustainable economic and social development. Staff were loathing about Barry’s conduct, many accusing him of being arrogant , and categorical disrespectful in manner.
Access to precise details relating to the complaints against him were not obtainable by The Eye Of media.Com. Mr Barry had been with Standard Chartered for nine years as head of compliance, prior to which he was at Citigroup for three years