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John Boumphrey says the education system "isn't necessarily producing young people who are ready for work".
The Standard Chartered boss said he values all colleagues and is committed to helping them cope with change.
Researchers hope the work will help identify affordable, effective drugs to treat conditions like MND.
The US president piled major pressure on Kevin Warsh's predecessor to cut interest rates.
It said difficulties had been exacerbated by "significant cost increases resulting from government policy choices".