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Report: Standard Chartered compliance chief steps down after behavioral scrutiny

Neil Barry, Standard Chartered PLC's head of compliance, is leaving the bank, effective immediately, Reuters reported June 8, citing an internal memo, which was confirmed by a bank spokesman.

Barry was placed on leave in March after allegations of misconduct by staff, which instigated an internal investigation.

According to the memo, the inquiry had concluded that Barry's "managerial style, behavior and language towards some of his colleagues was inappropriate ... although it fell short of warranting his dismissal."