Standard Chartered in London has hired a key executive from Independent Bank Group in McKinney, Texas, to oversee its U.S. operations.

The $640 billion-asset Standard Chartered said in a press release Monday that Torry Berntsen would become chief executive of its Americas region, where he will handle investment banking and correspondent relationships, manage institutional investor relations and work with the chief financial officer on capital markets transactions.

Berntsen will resign as Independent's president on Wednesday.

The $5.4 billion-asset Independent disclosed in a regulatory filing Monday that David Brooks, its chairman and chief executive, will succeed Berntsen as the company's president.

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