18th Apr 2005 11:07
Standard Chartered PLC18 April 2005 Korea First Bank Announces Additional Board Directors Christopher Low Appointed as Chief Operating Officer Korea First Bank announced today (April 18) that it has appointed Samsung TescoPresident and Chief Executive Officer Seung-Han Lee and Standard Chartered GroupHead of Corporate Affairs Tracy Clarke as directors, subject to regulatoryapproval. Standard Chartered's Chief Integration Officer Christopher Low has beenappointed as Chief Operating Officer. Dr Lee and Mrs Clarke join Korea First Bank's Board, which now consists of tenmembers, five of whom are Koreans. Korea First Bank Chairman Mr Kai Nargolwala said: "Dr Lee is a very respectedbusinessman who has held a number of key management roles in Samsung Group andits overseas operations over the past 35 years. His insight and businessexpertise will greatly contribute to the development of Korea First Bank as aleader in Korea's financial services industry." Mrs Clarke is an experienced international banker who has held a number of salesand key operational roles with Standard Chartered over the past 20 years. In hercurrent role she is responsible for Standard Chartered's communication with keystakeholders and leads the Group's Reputational Risk Committee. In his new role as Chief Operating Officer, Christopher Low will be responsiblefor the Bank's support functions and will work closely with Korea First Bank'sPresident and Chief Executive Officer John Filmeridis. Mr Filmeridis said: "I am very pleased that Chris Low will become ChiefOperating Officer. He is an international banker with tremendous experiencegained as Chief Executive Officer in some of Standard Chartered's large markets,including India and East Africa." Profiles Seung-Han Lee: Dr Seung-Han Lee, 58, is an experienced businessman who has risenthrough the ranks in Samsung Group over the past 35 years to take the helm ofSamsung Tesco. Since joining Cheil Industries, a Samsung Group affiliate, he hasheld a number of major roles in Samsung Group including; London Branch Managerof Samsung Corporation, Samsung Corporation Managing Director, Vice President ofSamsung Group Chairman's Office, and President and Chief Executive Officer ofSamsung Corporation. He has been heading Samsung Tesco, a joint venture ofSamsung Corporation and U.K.-based retailer Tesco, since 1999. A graduate of Yongnam University in Korea majoring in business management, DrLee holds a master degree and Ph.D in urban planning at Hanyang University. Tracy Clarke: Tracy Clarke is an experienced banker who has held a number ofsales and key operational roles with Standard Chartered over the past 20 years.She is currently Group Head of Corporate Affairs where she holds responsibilityfor the Bank's profile and engagement with key stakeholders, includinginvestors, employees, governments and the media. She also leads the Group'sReputational Risk Committee. Prior to this, Mrs Clarke was Head of the GroupChief Executive's Office. Mrs Clarke holds a Masters of Business Administration from Henley ManagementCollege and is an Associate of the Chartered Institute of Bankers. Christopher Low: Mr Low, 45, is an experienced international banker who isheading the integration of Standard Chartered Bank and Korea First Bank. He hasheld a number of senior positions with Standard Chartered in London, Indonesia,Singapore, Philippines, Tanzania and Kenya. Before moving to Korea, he was ChiefExecutive Officer for India region and, prior to that, Area General Manager forEast Africa covering the bank's operations in Kenya, Tanzania and Uganda. Before joining Standard Chartered, Mr Low worked for Goldman Sachs InternationalLimited and Arthur Andersen & Co., both based in London. He is a member of theInstitute of Chartered Accountants in England and Wales and graduated from St.Peter's College, Oxford University, with honours in Zoology. Standard Chartered - leading the way in Asia, Africa and the Middle East Standard Chartered employs 33,000 people in over 550 locations in more than 50countries in the Asia Pacific Region, South Asia, the Middle East, Africa, theUnited Kingdom and the Americas. It is one of the world's most internationalbanks, with employees representing 80 nationalities. Standard Chartered PLC is listed on both the London Stock Exchange and the StockExchange of Hong Kong and is in the top 25 FTSE companies, by marketcapitalisation. It serves both Consumer and Wholesale Banking customers. Consumer Bankingprovides credit cards, personal loans, mortgages, deposit taking and wealthmanagement services to individuals and small to medium sized enterprises.Wholesale Banking provides corporate and institutional clients with services intrade finance, cash management, lending, securities services, foreign exchange,debt capital markets and corporate finance. Standard Chartered is well-established in growth markets and aims to be theright partner for its customers. The Bank combines deep local knowledge withglobal capability. The Bank is trusted across its network for its standard ofgovernance and its commitment to making a difference in the communities in whichit operates. Korea First Bank Established in 1929, Korea First Bank is broad based, serving customers acrossSouth Korea with both customer and commercial banking products as well as a widerange of trust and investment management services. Korea First Bank is the seventh largest banking group in Korea by assetstotaling US$42 billion. The Bank has strong track record of credit quality withone of the lowest ratios of non-performing loans (1.5%: December 2004). The Bankhas the 5th largest branch network of 406 branches, including one mobile bank,2,057 ATM and CD machines and three overseas units. Korea First Bank has 3.2million retail and 67,900 corporate customers with 1.2 million credit cards incirculation and 2.6 million e-Banking clients. The Bank's modern and efficientCustomer Service Centres are located in Busan and Seoul. Standard Chartered Bank in Korea Standard Chartered Bank is a long standing supporter of Korea. Its history inthe country can be traced to the 1880s, when it opened an agency in what is nowIncheon. Currently, it is engaged in consumer banking and wholesale banking andis a major provider of global market and banking service products to Koreancompanies and banks. A long-standing supporter of Korea, Standard Chartered Bankaims to expand its business and increase investment in consumer banking inparticular. The bank employs around 200 employees, almost entirely Koreans.Standard Chartered Bank is a leader in bank syndications, the country's No. 2provider of custody services, and a top 5 bank in Korean won trading. The bank entered the consumer banking sector in September 2003, and opened aPriority Banking Center in May 2004 in the Yeoksam-dong district of Seoul. It isthe first independent private banking branch established by a foreign bank inKorea and a demonstration of Standard Chartered's intention to be the rightpartner to Korean consumers based on global competence and an in-depth knowledgeof local market. Standard Chartered has sponsored a number of internationalconferences that position Korea as a financial services hub. For more information, visit www.standardchartered.com For further information, please contact Standard Chartered Bank KoreaKay Oh, Head, Corporate Affairs+822-750-6009 / [email protected] Korea First BankWon-Kyung KangHead, Corporate Communications+822-3702-3240 / + [email protected] Standard Chartered GroupCindy Tang, Head, Media Relations+44 20 7280 6170/ [email protected] This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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