Standard Chartered compliance chief Neil Barry has reportedly tendered his resignation after an investigation revealed that his behaviours were inappropriate towards his colleagues.
The internal probe reportedly found that Barry’s management style, behaviour and language towards colleagues did not align with the bank’s values.
However, the bank also said that his misdeeds were not serious enough to lead to his dismissal.
Barry, who quit his job with immediate effect, had been placed on leave since 16 March 2018 after complaints from staff.
He will now pursue other opportunities, Standard Chartered said in a memo to staff.
Tracey McDermott, the former head of the Financial Conduct Authority (FCA), will take up Barry’s role on an interim basis.
“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 said.
Barry joined the bank in 2009 from Citigroup as global head of legal and compliance for private banking and wealth management in Singapore. He was appointed as the group head of compliance in 2015.