The bank has replaced Barry with Tracey McDermott, its group head of corporate affairs and a former acting chief of Britain's financial watchdog, Vinals said.

The bank has 'internal processes underway' in relation to Barry's case, Vinals said, and will update shareholders when those are completed.

StanChart confirmed the review into Barry following media reports last month that he had been placed on leave.

(Reporting By Lawrence White, editing by Sinead Cruise)