Standard Chartered is shaking up the executive ranks amid a new push to develop its Middle East business.

Leading the team, Reuters reports, is Torry Berntsen, who was promoted to Executive Vice-Chairman for corporate and investment banking in Europe, the Americas, the Middle East and Africa.

Rola Abu Manneh was named chief of the UAE office, with authority over the wider Middle East region and Pakistan. Kariuki Ngari will oversee Africa.

Meanwhile, Financial News reported this week that Nick Philpott, co-founder of Zodia Markets, the London-based crypto firm backed by Standard Chartered, is relocating to Abu Dhabi as part of its Middle East expansion.