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StanChart to lose 2 India-based execs

Two executives in Standard Chartered PLC's South Asia operations have decided to leave, Bloomberg News report, citing a company spokesman.

Gopikrishnan MS, head of foreign exchange, rates and credit for South Asia, and Shyamal Saxena, head of retail business for South Asia, will leave the bank.

The departures come after the bank announced in February that it plans to streamline operations in low-returning markets including India, South Korea, the United Arab Emirates and Indonesia.

Earlier in the month, Standard Chartered's India head of private banking, Sandeep Das, left for Barclays PLC.