7th Feb 2006 10:02
Standard Chartered PLC07 February 2006 Standard Chartered PLC 7 February 2006 DIRECTORS' PORTFOLIOS With strong governance becoming increasingly important in the way the Groupmanages its geographic markets and given the scale of its growth opportunitiesacross Asia, Africa and the Middle East, Standard Chartered is pleased toannounce the following changes to the portfolios of some of its Group ExecutiveDirectors. Kai Nargolwala will continue to focus on growth and governance of the Group'sfranchise across the Asia Pacific region, India, Afghanistan, Bangladesh and SriLanka. He will relinquish Chairmanship of Wholesale Banking and the ChiefExecutive of the Wholesale Banking business, Mike Rees, will report directly toMervyn Davies, Standard Chartered's Group Chief Executive. Richard Meddings has responsibility for growth and governance across Africa, theMiddle East, Pakistan, UK/Europe and the Americas. This geographic portfoliocontinues to grow strongly as new trade corridors between Asia, Africa and theMiddle East emerge and expand. Consequently, the remainder of Richard Meddings'portfolio (Risk, Special Assets Management, Legal & Compliance and InternalAudit) will be distributed as follows: Standard Chartered's Risk and Special Assets Management function will report toPeter Sands, Group Finance Director. The Legal & Compliance and Internal Audit functions will report to Tim Miller, aDirector of Standard Chartered Bank. Tim Miller reports directly to MervynDavies. All changes take effect 1 March 2006. Contacts: Sean Farrell, Head of Media Relations +44 (0) 20 7280 7163 Romy Murray, Head of Investor Relations +44 (0)20 7280 7245 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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