Richard Johnson quits Standard Chartered real estate

Richard Johnson has resigned from Standard Chartered Bank in Singapore, where he had run its Asian private-equity property fund. Until recently, that fund had been co-owned and seeded by Istithmar World Real Estate, the investment arm of Dubai World. The venture had been born in late-2006 when Istithmar took a 2.7% stake in Standard Chartered's share capital for $1 billion. The partnership appears to have broken down, now that the credit crunch has caught up with the Emirati develop…