Standard Chartered / Cut 2,000 jobs last year but hired 2,000 compliance and legal staff in 3 years

Standard Chartered has hired around 2,000 people to work in compliance and legal functions over the last three years despite paring back on its employee headcount overall.

Speaking on an investor’s call, following Standard Chartered’s interim management statement, the bank’s chief financial officer Richard Meddings also revealed that overall headcount has actually fallen by 2,000 from a year ago, as it aims to manage costs.

Chosen excerpts by Job Market Monitor. Read the whole story at 

via Standard Chartered Hired 2,000 Compliance and Legal Staff in 3 Years – IBTimes UK.