Standard Chartered is considering the sale of its wealth and retail operations in Africa, as it prepares to exit additional markets following its recent withdrawals from Cameroon and Angola. The bank's global head of mergers and acquisitions advisory is also departing after over a decade with the company, indicating a broader reshuffle within the organization. Meanwhile, New World Development is facing leadership instability as its CEO, Eric Ma, is expected to step down just two months after taking the role. This news follows a series of management changes within the Hong Kong property company, which has seen significant stock declines, with shares falling more than 6% amid the ongoing leadership turmoil. New World Development is reportedly set to appoint a unit head as the new CEO.