Toxic - no longer a meritocracy - Director Standard Chartered Bank Employee Review

The new management had to cut - sadly it is no longer a meritocracy and many good people who made money for the bank were let go as the cuts trickled down and senior managers protected allies. The best people are moving to other banks leaving a sub optimal standard, in my opinion the bank is ill equipped to meet the challenges it faces. The impact on the culture has been huge with many good people managers gone it has encouraged a much less collegiate work place. Those who remain say morale is at an all time low.