{"id":62042,"date":"2026-05-17T18:38:27","date_gmt":"2026-05-17T22:38:27","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/standard-chartered-appoints-new-cfo-as-geopolitical-tensions-lift-oil-and-futures-slip\/62042\/"},"modified":"2026-05-17T18:38:27","modified_gmt":"2026-05-17T22:38:27","slug":"standard-chartered-appoints-new-cfo-as-geopolitical-tensions-lift-oil-and-futures-slip","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/standard-chartered-appoints-new-cfo-as-geopolitical-tensions-lift-oil-and-futures-slip\/62042\/","title":{"rendered":"Standard Chartered Appoints New CFO as Geopolitical Tensions Lift Oil and Futures Slip"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Standard Chartered (<a href=\"\/stock\/STAN\">STAN<\/a>)<\/strong> has appointed <strong>Manus Costello<\/strong> as <strong>Group CFO<\/strong> and <strong>Executive Director<\/strong>, effective immediately, ensuring leadership continuity following the departure of Diego De Giorgi.<\/li>\n<li><strong>Brent Crude (<a href=\"\/stock\/BZ=F\">BZ=F<\/a>)<\/strong> prices rose <strong>0.6%<\/strong> after <strong>Donald Trump<\/strong> warned that the &quot;clock is ticking&quot; for <strong>Iran<\/strong>, signaling a potential escalation in the Middle East conflict.<\/li>\n<li><strong>U.S. Equity Futures<\/strong> for the <strong><a href=\"https:\/\/stockmarketwatch.com\/indices\/sp500\/today\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&amp;P 500<\/a> (<a href=\"\/stock\/SPX\">SPX<\/a>)<\/strong> and <strong>Nasdaq (<a href=\"\/stock\/IXIC\">IXIC<\/a>)<\/strong> both declined <strong>0.2%<\/strong> in Sunday evening trading as investors reacted to heightened geopolitical risks.<\/li>\n<li><strong>Viewtrix Technology<\/strong> priced its <strong>Hong Kong IPO<\/strong> at <strong>HK$20.81<\/strong> per share, aiming to raise capital through a global offering of <strong>52.9 million H shares<\/strong>.<\/li>\n<\/ul>\n<p><strong>Standard Chartered (<a href=\"\/stock\/STAN\">STAN<\/a>)<\/strong> announced on Sunday that <strong>Manus Costello<\/strong> has been named <strong>Group Chief Financial Officer<\/strong>. Costello, who previously served as the bank&#39;s Global Head of Investor Relations, will also join the board as an <strong>Executive Director<\/strong> with immediate effect. He succeeds <strong>Diego De Giorgi<\/strong>, who resigned earlier this year to join Apollo Global Management, and his appointment is expected to provide stability as the bank navigates a complex global interest rate environment.<\/p>\n<p>In the energy markets, <strong>Brent Crude (<a href=\"\/stock\/BZ=F\">BZ=F<\/a>)<\/strong> futures climbed <strong>0.6%<\/strong> after <strong>Donald Trump<\/strong> issued a stern warning to <strong>Tehran<\/strong>. In a social media post, Trump stated that &quot;the clock is ticking&quot; for <strong>Iran<\/strong> to reach a deal, raising fears of renewed military action or tighter shipping restrictions in the <strong>Strait of Hormuz<\/strong>. <em>Geopolitical analysts suggest that the &quot;time is of the essence&quot; rhetoric has injected fresh volatility into global energy prices, which have already climbed significantly since the conflict began earlier this year.<\/em><\/p>\n<p>U.S. stock index futures opened slightly lower on Sunday night, reflecting cautious sentiment among global investors. Both <strong>S&amp;P 500 (<a href=\"\/stock\/SPX\">SPX<\/a>)<\/strong> and <strong>Nasdaq (<a href=\"\/stock\/IXIC\">IXIC<\/a>)<\/strong> futures dipped <strong>0.2%<\/strong> as markets weighed escalating Middle East tensions against recent domestic economic data. <em>Traders are also monitoring a potential rotation out of high-growth tech stocks as uncertainty regarding Federal Reserve policy and inflationary pressures persists.<\/em><\/p>\n<p>In the primary markets, <strong>Viewtrix Technology<\/strong> has finalized the pricing for its global offering on the <strong>Hong Kong Stock Exchange<\/strong>. The company is offering <strong>52.9 million H shares<\/strong> at <strong>HK$20.81<\/strong> each, which includes a <strong>5.3 million share<\/strong> tranche specifically for the Hong Kong public. Viewtrix, a leading producer of <strong>AMOLED display driver ICs<\/strong>, has previously received backing from major industry players including <strong>Qualcomm (<a href=\"\/stock\/QCOM\">QCOM<\/a>)<\/strong> and <strong>Xiaomi<\/strong>, and is seeking to capitalize on the accelerating demand for AI-integrated consumer electronics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Standard Chartered (STAN) has appointed Manus Costello as Group CFO and Executive Director, effective immediately, ensuring leadership continuity 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