6th Sep 2007 09:21
Standard Chartered PLC06 September 2007 Standard Chartered Board Changes Kai Nargolwala The Board of Directors of Standard Chartered PLC ("Standard Chartered", the "Company" or the "Group") announces that Kaikhushru Shiavax Nargolwala hasdecided to resign from the Company with effect from 6 September 2007 to pursueother career opportunities. He steps down after a long and distinguished career with Standard Charteredhaving joined the Company in 1998. He has been a Director since 7 May 1999and was responsible for the governance of Asia and the Group's Risk and SpecialAssets Management function. Jaspal Bindra, a Director of Standard Chartered Bank, will expand his existingportfolio of South and South East Asia to take responsibility for growth andgovernance across the Asia region (excluding South Korea). Jaspal Bindra willreport directly to Peter Sands, Group Chief Executive. Responsibility for Risk and Special Assets Management will move to GarethBullock, Group Executive Director, in addition to his existing responsibilitiesfor growth and governance across Africa, the Middle East, Pakistan, UK/Europeand the Americas. Gareth Bullock will continue to report to Peter Sands. All changes take effect immediately, subject to regulatory approvals. Mervyn Davies, Chairman of Standard Chartered PLC, said "Kai has been a highly valued member of the Board for over eight years. Wewould like to thank him for his significant contribution to the Bank's successand wish him well in the future." Peter Sands, Group Chief Executive of Standard Chartered PLC, said "During Kai's time as Group Executive Director responsible for Asia, StandardChartered's business in the region has grown significantly. We wish him well inhis career. The Bank's strong and diverse management team will enable us toensure a smooth leadership transition." Notes to editors: For Biographies of the Directors please seehttp://www.standardchartered.com/global/mc/managemt.html Standard Chartered - leading the way in Asia, Africa and the Middle East Standard Chartered PLC is listed on both the London Stock Exchange and the HongKong Stock Exchange and is consistently ranked in the top 25 among FTSE-100companies by market capitalisation. Standard Chartered has a history of over 150 years in banking and operates inmany of the world's fastest-growing markets with an extensive global network ofover 1,400 branches (including subsidiaries, associates and joint ventures) inover 50 countries in the Asia Pacific Region, South Asia, the Middle East,Africa, the United Kingdom and the Americas. As one of the world's most international banks, Standard Chartered employs over60,000 people, representing over 100 nationalities, worldwide. This diversitylies at the heart of the Bank's values and supports the Bank's growth as theworld increasingly becomes one market. With strong organic growth supported by strategic alliances and acquisitions anddriven by its strengths in the balance and diversity of its business, products,geography and people, Standard Chartered is well positioned in the emergingtrade corridors of Asia, Africa and the Middle East. Standard Chartered derives over 90 per cent of profits from Asia, Africa and theMiddle East. Serving both Consumer and Wholesale Banking customers worldwide,the Bank combines deep local knowledge with global capability to offer a widerange of innovative products and services as well as award-winning solutions. Trusted across its network for its standard of governance and corporateresponsibility, Standard Chartered takes a long term view of the consequences ofits actions to ensure that the Bank builds a sustainable business through socialinclusion, environmental protection and good governance. Standard Chartered is also committed to all its stakeholders by living itsvalues in its approach towards managing its people, exceeding expectations ofits customers, making a difference in communities and working with regulators. For more information on Standard Chartered, please log on towww.standardchartered.com Contacts Investors Stephen Atkinson Ruth NadererHead of Investor Relations Head of Investor Relations, +44 (0)20 7280 7245 Asia Pacific [email protected] + 852 2820 3075 [email protected] Tim Baxter Rita LiuHead of External Communications Head of Corporate Affairs, Hong Kong+ 44 (0)20 7457 5573 +852 2820 [email protected] [email protected] This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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