Standard Chrtrd PLC STAN Appointment of independent Non-Executive Directors

  Standard Chrtrd PLC (STAN) - Appointment of independent Non-Executive

RNS Number : 5173N
Standard Chartered PLC
28 September 2012

     Standard Chartered PLC appoints independent Non-Executive Directors

The Board of Directors (the "Board") of Standard Chartered PLC (the "Company")
today  announces  the  appointment  of  four  new  independent   Non-Executive 
Directors. This is the first phase  of the Board succession planning  exercise 
that commenced over a year ago  designed to enhance the experience, depth  and 
diversity of the Board.

Sir John Peace,  Chairman of  the Board stated:  "We are  taking a  long-term, 
strategic, forward-looking  approach to  refreshing the  Board, balancing  our 
need both to maintain  longevity and stability on  the Board whilst  regularly 
refreshing its composition".

As part of the multi-year Board  succession planning exercise outlined in  the 
2011 Annual Report and Accounts, further Board changes will be announced ahead
of the 2013 Annual  General Meeting. The intention  is that, whilst  ensuring 
smooth transition and succession,  the overall size of  the Board will  remain 
broadly in line with current levels.

Board changes

Dr Lars Henrik Thunell (aged 64) is appointed as an independent  Non-Executive 
Director from 1November 2012. As a career banker, Dr Thunell has a wealth of
financial services  and  banking  experience.  Most  recently  he  was  Chief 
Executive  Officer  and  Exective  Vice  President  of  International  Finance 
Corporation, a member  of the  World Bank  Group and, as  a result,  he has  a 
detailed  understanding  of  emerging  markets.  Former  roles  include  Chief 
Executive Officer at  Skandinaviska Enskilda  Banken (SEB)  and President  and 
Chief Executive Officer of Securum, the Swedish Governmental entity created to
resolve the country's  banking crisis in  the 1990s. Dr  Thunell has a  highly 
developed understanding of banking and risk management in a financial services

Mrs Margaret  Ewing (aged  57) is  appointed as  an independent  Non-Executive 
Director from  1 November  2012. Mrs  Ewing brings  accounting, finance,  and 
regulatory development  experience  to the  Board.  She retired  as  a  Senior 
Partner of Deloitte in  May 2012 where latterly  her role included  regulatory 
and public policy development in a global context, firm wide risk and  quality 
control oversight in addition to being the senior advisory partner to a number
of FTSE 100 companies.  Former roles include Chief  Financial Officer of  BAA 
plc, Group Finance Director of  Trinity Mirror plc and Non-Executive  Director 
and Chair of the Audit  Committee of Whitbread PLC. Mrs  Ewing is a member  of 
the Financial Reporting Review  Panel and stepped down  as Chair of the  Audit 
Committee for the Confederation of British Industry in May 2012. 

Mr Om Prakash  Bhatt (aged 61)  is appointed as  an independent  Non-Executive 
Director from 1 January 2013. Mr Bhatt is a career banker with over 30  years 
banking experience and retired  as Chairman of the  State Bank Group in  2011. 
State Bank Group  includes State  Bank of India,  India's largest  commercial 
bank, five associate banks (the State Banks of Bikaner and Jaipur,  Hyderabad, 
Mysore, Patiala and Travancore), the country's largest private life insurer, a
leading investment  bank and  other subisidaries  spanning diverse  activities 
from general  insurance  to custodial  services.  Mr Bhatt  is  currently  an 
independent Non-Executive  Director  of  Tata Consultancy  Services,  Oil  and 
Natural Gas Corporation Ltd, India and Hindustan Unilever Ltd, and has  served 
as Chairman  of the  Indian  Bank's Association.  He has  extensive  banking, 
financial services and  leadership acumen with  deep knowledge and  experience 
across India, one of our largest markets.

Dr Louis Chi-Yan Cheung (aged 49) is appointed as an independent Non-Executive
Director from 1 January 2013. Dr  Cheung was an Executive Director and  Group 
President of Ping An Insurance (Group) Company  of China Ltd until 2011 and  a 
Non-Executive Director until June 2012. He has very strong general  financial 
services and investor relations credentials,  particularly in a Greater  China 
context. Prior to joining Ping An, Dr Cheung was a global partner of  McKinsey 
& Co and a leader in its Asia Pacifica financial institutions practice. He  is 
also a former Non-Executive Director of Fortis SA/NV and Fortis N.V. Dr Cheung
is currently the Chief Executive Officer of Boyu Capital Advisory Co., Ltd and
an independent Non-Executive Director of Fubon Financial Holding Co., Ltd.

Sir John  Peace, Chairman  of  the Board,  said:  "We are  adding  significant 
banking, financial and  risk management  experience to  the Board  as well  as 
increasing its diversity. These individuals will be excellent additions to the
Board bringing  with them  a wealth  of experience  from some  of our  largest 
markets, including India, Hong Kong, China and Taiwan".

The Company confirms that there is no other information to be disclosed  under 
the requirements of Listing Rule 9.6.13R in relation to these appointments.

These appointments have received the necessary regulatory approval.


For further information please contact:

James Hopkinson, Head of Investor Relations

Tel: +44 20 7885 7151

Jon Tracey, Head of Media Relations

Tel: +44 20 7885 7613

Notes to Editors

Standard Chartered - leading the way in Asia, Africa and the Middle East

Standard Chartered is a leading  international banking group. It has  operated 
for over 150 years in some of the world's most dynamic markets and earns  more 
than 90 per  cent of its  income and profits  in Asia, Africa  and the  Middle 
East. This geographic  focus and commitment  to developing deep  relationships 
with clients  and customers  has driven  the Bank's  growth in  recent  years. 
Standard Chartered PLC is listed on  the London and Hong Kong stock  exchanges 
as well as the Bombay and National Stock Exchanges in India.

With 1,700 offices in  70 markets, the Group  offers exciting and  challenging 
international career opportunities for around 85,000 staff. It is committed to
building a sustainable business  over the long term  and is trusted  worldwide 
for upholding high standards  of corporate governance, social  responsibility, 
environmental protection and employee diversity. Standard Chartered's heritage
and values are expressed in its brand promise, 'Here for good'.

For more information please visit

                     This information is provided by RNS
           The company news service from the London Stock Exchange


BOAEASNPASLAEFF -0- Sep/28/2012 16:00 GMT
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