Standard Chartered Plc
STAN:LN
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Overview
Company Profile
Operating in the banking industry for over 150 years, Standard Chartered derives most of its profits from Asia, Africa and the Middle East.
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Board of Directors
Sir John Peace
Chairman
Sir John Peace is Chairman of Standard Chartered PLC. He joined the Board of Standard Chartered PLC in 2007 as Deputy Chairman and was appointed Chairman in 2009. He is also Chairman of Burberry Group plc. Sir John has a strong financial services and retailing background. In 1980 he was one of the founders of CCN Systems, an early pioneer of credit scoring techniques, risk models and the development of customer segmentation systems. CCN also provided credit card processing services to financial and retail organisations. CCN went on to become Experian plc, a global information services company providing data and analytical tools to clients in over 90 countries. In 2000, Sir John became Group CEO of GUS plc, of which Experian and Burberry were a part. He spearheaded a major restructuring strategy to refocus the group, including the acquisition and disposal of more than 50 businesses worldwide. In 2002, Burberry was floated on the London Stock Exchange with Sir John Peace as its Chairman, a position he continues to hold. Burberry today is a leading global luxury brand with worldwide retail operations. In 2006, Sir John was appointed Chairman of Experian following the demerger of GUS Plc, a position he held until he stepped down in July 2014. Sir John is committed to supporting his local community and has a long standing interest in education. For 10 years he was Chairman of the Board of Governors of Nottingham Trent University. A key theme during his time as Chairman was the development of an entrepreneurial culture, including the appointment of a new Vice Chancellor from the private sector, a new five-year strategic plan and a large investment in estates. He has been a Trustee of the Djanogly City Academy in Nottingham since 1999. The Academy was one of the first of five schools in England to be recognised by the Chinese Government for its excellence in teaching Mandarin and supporting the training of language teachers. Sir John chairs the Nottingham Economic Growth Board focussing on issues associated with the recession and local unemployment and is a former East Midlands Ambassador for Business in the Community. He is Lord Lieutenant of Nottinghamshire, a Fellow of the Royal Society of Arts and has an Honorary Doctorate from The University of Nottingham. Sir John was knighted in 2011 for services to business and the voluntary sector.
Bill Winters
Group Chief Executive
Bill Winters was appointed to the Board of Standard Chartered PLC as Group Chief Executive on 10 June 2015, having joined the Group in May 2015. He is based in London. Bill has had a distinguished career in banking, having spent 26 years with JP Morgan in diverse leadership roles, becoming co-Chief Executive Officer of the investment bank in 2004 until he stepped down in 2009. Bill was the only career banker to be invited to be a committee member of the Independent Commission on Banking, established by the UK government in 2010 to recommend ways to improve competition and financial stability in banking. Subsequently, he served as advisor to the Parliamentary Commission on Banking Standards and was asked by the Court of the Bank of England to complete an independent review of the bank’s liquidity operations. Bill founded the hedge fund Renshaw Bay in 2011 where he was Chairman and CEO until he stepped down from the company on appointment to the Standard Chartered PLC Board. Bill is an independent non-executive director of Novartis International AG and a non-executive director of Pension Insurance Corporation plc. He holds a Bachelor’s degree in International Relations from Colgate University and an MBA from the Wharton School at the University of Pennsylvania.
Andy Halford
Group Finance Director
Andy Halford was appointed as Group Finance Director and Group Executive Director of Standard Chartered plc on 1 July 2014. He is based in London and is responsible for Finance, Corporate Treasury, Group Corporate Development and Strategy functions. Andy joined Standard Chartered from Vodafone Group plc, where he spent 15 years and 9 years as Chief Financial Officer. Andy joined Vodafone Group plc in 1999 as Financial Director for Vodafone Limited, the UK operating company, and in 2001 he became Financial Director for Vodafone\'s Northern Europe, Middle East and Africa Region. In 2002, Andy was appointed Chief Financial Officer of Verizon Wireless in the US and was a Member of the Board of Representatives of the Verizon Wireless Partnership. Andy became Chief Financial Officer of Vodafone Group plc in July 2005, a position which he held until March 2014 when he retired from the group. Prior to Vodafone, Andy was Group Finance Director at East Midlands Electricity Plc. Andy is a non-executive director of Marks and Spencer Group plc, a member of the Business Forum on Tax and Competitiveness and is a former Chairman of the Hundred Group of Finance Directors. He holds a bachelor degree in Industrial Economics from Nottingham University and is a Fellow of the Institute of Chartered Accountants in England and Wales.
Mike Rees
Deputy Group Chief Executive
Mike Rees was appointed to the Board of Standard Chartered PLC on 4 August 2009. He is based in London and is Deputy Group Chief Executive. Mike joined Standard Chartered in 1990 as the Chief Financial Officer for Global Treasury then, in October 1994, he was appointed Regional Treasurer in Singapore, responsible for South East Asia Treasury businesses. In late 2000, Mike was appointed Group Head of Global Markets. In November 2002, he was promoted to the new role of Chief Executive Officer, Wholesale Banking, responsible for all Commercial Banking products in addition to his responsibilities for Global Markets products. On 1 April 2014, Mike was appointed Deputy Group Chief Executive with responsibility for the combined Wholesale Banking and Consumer Banking businesses. Mike graduated in 1978 from the University of Aston, Birmingham (B.Sc. Hons.) and qualified as a Chartered Accountant with Whinney Murray. He joined J.P Morgan in 1980 where he held several senior roles in Finance. Mike is a member of the International Advisory Board of Mauritius and the International Advisory Board Roma. He is also a member of the Institute of Chartered Accountants in England and Wales (ACA) and the UK Institute of Directors (IOD). Mike is married with four children and his interests include golf, rugby, farming, art, antiques and reading. He was born in 1956.
Naguib Kheraj
Senior Independent Director
Naguib Kheraj was appointed as an Independent Non-Executive Director of Standard Chartered PLC in January 2014, and as Senior Independent Director in June 2015. Naguib is currently a Senior Advisor to the Aga Khan Development Network and serves on a number of non-profit entity boards within the Aga Khan Development Network. He is also a member of the Investment Committee of the Wellcome Trust and is a non-executive Director of Rothesay Life. Naguib’s former roles include Vice Chairman and Group Finance Director of Barclays and was their nominated Non Executive Director of Absa Group in South Africa and of First Caribbean International Bank. He was also Chief Executive Officer of JPMorgan Cazenove. He also held senior positions at Robert Fleming and at Salomon Brothers where he started his banking career in 1986. Naguib has also served as a Non Executive Director of NHS England, which is responsible for commissioning most of the healthcare spending by the public sector in England, as a Senior Advisor to Her Majesty’s Revenue and Customs Service and to the Financial Services Authority in the UK. Naguib holds a degree in Economics from Cambridge University. He is married with one son and lives in London.
Om Bhatt
Independent Non-Executive Director
Om Prakash Bhatt was appointed as an Independent Non-Executive Director of Standard Chartered PLC in January 2013. Om is currently an independent non-executive director of Hindustan Unilever Ltd, Tata Consultancy Services and Tata Steel Ltd. He is also a governor on the board of the Center for Creative Leadership, a US non-profit leadership development organisation. Until March 2011, Om was chairman of the State Bank Group, which includes the State Bank of India (“SBI”), India’s largest commercial bank. In a career spanning 38 years with SBI, Om held a number of roles beginning with the lead bank department, which ushered in financial inclusion, leading the project team that pioneered SBI’s technology initiative in the 1990s, assignments at SBI’s London and Washington offices, general management roles between 2004-2006, and managing director of SBI in 2006, culminating in his appointment as chairman in the same year. Om has also served as chairman of the Indian Banks’ Association, and was an independent non-executive director of Oil and Natural Gas Corporation before stepping down in December 2014. Om has a degree in Science and a post-graduate degree in English Literature. He is married with two daughters and lives in India.
Dr Kurt Campbell
Independent Non-Executive Director
Dr Kurt Campbell was appointed as an Independent Non-Executive Director of Standard Chartered PLC on 18 June 2013. He is currently Chairman and Chief Executive Officer of The Asia Group LLC, a strategic advisory and investment group specialising in the Asia Pacific region. From 2009 to 2013, Kurt served as the US Assistant Secretary of State for East Asian and Pacific Affairs. Here, he is widely credited as being a key architect of the “pivot to Asia”. Kurt was a central figure in advancing the US-China relationship, building stronger ties to Asian allies, and in the opening of Myanmar. In acknowledgment of his contributions he was awarded the US Secretary of State’s Distinguished Service Award in 2013, the highest diplomatic honour. Previously, Kurt was the CEO and Co-Founder of the Center for a New American Security. From 2003 to 2009 he was the founder and Chairman of StratAsia, a strategic advisory firm focused on Asia. Prior to that, he served in several capacities in the US government. This includes Deputy Assistant Secretary of Defense for Asia and Pacific Affairs, and Director on the National Security Council Staff in the White House. He was also an Associate Professor at Harvard’s John F Kennedy School of Government. Kurt holds a B.A. in science, technology and public affairs from the University of California. He also holds a Certificate in music and political philosophy from the University of Erevan in Soviet Armenia, and a Doctorate in international relations from Brasenose College, Oxford. He was a Post Doctoral and Graduate Research Fellow at Harvard University. He is married with three daughters and lives in Washington, D.C.
Dr Louis Cheung
Independent Non-Executive Director
Dr Louis Cheung was appointed as an Independent Non-Executive Director of Standard Chartered PLC in January 2013. Louis is currently the chief executive officer of Boyu Capital Advisory Co., a China-focused private equity investment firm. He is also an independent non-executive director of Fubon Financial Holding Company and a Fellow and Council Member of the Hong Kong Management Association. Louis was with the Ping An Insurance Group from 2000 to 2011. He became group president in 2003 and executive director in 2006 after working through several senior roles, including Chief Financial Officer. Prior to joining Ping An, Louis was a global partner of McKinsey & Company and a leader in its Asia Pacific financial institutions practice. Louis holds a BA and a PhD in Engineering from Corpus Christi College, Cambridge and was a post-doctoral research fellow at Cambridge. He is married with a child and lives in Hong Kong
Dr Byron Grote
Independent Non-Executive Director
Dr Byron Grote was appointed as an Independent Non-Executive Director of Standard Chartered plc on 1 July 2014. Byron is a Non-Executive Director at Tesco Plc, Non-Executive Director and Chairman of the Audit Committee at Anglo American plc, and Non-Executive Director on the Supervisory Board at Akzo Nobel NV. Byron spent nine years at Standard Oil of Ohio prior to it being acquired by BP plc in 1987. From 1988 to 2000 Mr Grote worked across BP in a variety of commercial, operational and executive roles. He was appointed CEO of BP Chemicals and a Managing Director of BP plc in 2000 and subsequently CFO of BP plc from 2002 through 2011. From 2012 to 2013 Byron served as BP’s Executive Vice President, Corporate Business Activities, with responsibility for the Group’s integrated supply and trading activities, alternative energy, shipping and technology. Byron was a Non-Executive Director and Chair of the Audit Committee at Uniliver Plc and Unilever NV until he stepped down at the end of April 2015. Byron is a member of the European Audit Committee Leadership Network and an emeritus member of the Cornell Johnson School Advisory Council at Cornell University. Byron holds a PhD in Quantitative Analysis from Cornell University.
Dr Han Seung-soo
Independent Non-Executive Director
Dr Han Seung-soo, KBE, former prime minister of the Republic of Korea, was appointed as an Independent Non-Executive Director of Standard Chartered PLC in January 2010. Dr. Han has a distinguished political, diplomatic and administrative career serving as deputy prime minister and minister of finance, foreign affairs, and industry and trade before serving as prime minister in 2008 and 2009. He also served as Korean ambassador to the United States, chief of staff to the president of Republic of Korea, president of the 56th Session of the United Nations General Assembly, special envoy of the UN Secretary-General on Climate Change and chairman of the 2009 OECD Ministerial Council Meeting in Paris. He is currently Special Envoy of the UN Secretary-General on Disaster Risk Reduction and Water, sits on the UN Secretary-General\'s Advisory Board on Water and Sanitation, is the founding chair of the High-Level Experts and Leaders Panel on Water and Disaster (HELP) and is the co-chair of the Water Advisory Group at the Asian Development Bank. He also co-chairs the International Finance Forum (China). Dr Han is a Non-Executive Director at Seoul Semiconductor Inc, and a Non-Executive Director at Doosan Infracore Co Ltd. Educated at Yonsei University (BA), Seoul National University (MPA) and the University of York, England (Ph.D.1968/D.Univ.1997), and before his election to the National Assembly in 1988, he had a distinguished academic career as professor of economics at Seoul National University (1970-88), and taught and/or did research on economics at the Universities of York (1965-68), Cambridge (Emmanuel; 1968-70), Harvard (1985-86) and Tokyo (1986-87). He has many publications both in Korean and English, the most recent one being Beyond the Shadow of 9/11; A Year at the United Nations General Assembly (SAIS, Washington, DC, 2007). Dr. Han received, among many foreign and domestic prizes and decorations, the 6th European Communities Prize (1971) for his doctoral thesis on European integration, the Nobel Peace Prize (2001) on behalf of the United Nations and an Honorary Knighthood (KBE) by HM Queen Elizabeth II in 2004
Christine Hodgson
Independent Non-Executive Director
Christine Hodgson was appointed as an Independent Non-Executive Director of Standard Chartered PLC on 1 September 2013. Christine is currently the chair of Capgemini UK plc, part of one of the world’s largest IT and professional services companies. She is also a non-executive Director of Ladbrokes plc and serves on the board of The Prince of Wales’ Business in the Community. Christine is also Chair of The Careers & Enterprise Company Limited, a government-backed company established to help inspire and prepare young people for the world of work. Christine joined Capgemini in 1997 and has held a variety of roles including CFO for Capgemini UK plc and CEO of Technology Services for North West Europe. Prior to joining Capgemini, Christine was corporate development director of Ronson plc and held senior positions at Coopers & Lybrand. Christine was a trustee on the board of MacIntyre Care before stepping down in September 2015. Christine is a fellow of the Institute of Chartered Accountants in England and Wales and holds a first class honours degree from Loughborough University. She is married with a son and lives in London.
Gay Huey Evans
Independent Non-Executive Director
Gay Huey Evans was appointed as an Independent Non-Executive Director of Standard Chartered PLC on 1 April 2015. Gay is a non-executive director of ConocoPhillips, Bank Itau BBA International Limited, and is Deputy Chair of the Financial Reporting Council having joined as a non-executive director in 2012. Gay has over 30 years of experience working within the financial services industry, international capital markets and the financial regulator. She spent seven years at the Financial Services Authority from 1998 to 2005, where she served as director of markets division, capital markets sector leader, with responsibility for, among other things, establishing a market facing division for the supervision of market infrastructure, oversight of market conduct and developing markets policy. From 2005 to 2008 Gay held a number of roles at Citi, including head of governance, Citi Alternative Investments, EMEA between 2007 and 2008. Gay joined Barclays Capital in 2008 where she was vice chair of investment banking and investment management, responsible for Barclays’ relationships with sovereign funds globally. Gay was a non-executive director of Aviva Plc until April 2015, and a non-executive Director of London Stock Exchange Group plc between 2010 and 2013. She brings extensive banking, finance and significant UK regulatory and governance experience. Gay holds a BA in Economics from Bucknell University.
Simon Lowth
Independent Non-Executive Director
Simon Lowth was appointed as an Independent Non-Executive Director of Standard Chartered PLC in May 2010. Simon is Chief Financial Officer and Executive Director of BG Group. He was an executive director and Chief Financial Officer of AstraZeneca PLC from 2007 to 2013. Prior to AstraZeneca, Simon was finance director at Scottish Power PLC following two years as executive director, corporate strategy and development. Simon\'s move to Scottish Power in 2003 followed 15 years\' experience with the global management consultancy, McKinsey & Company, latterly as a senior director responsible for the firm\'s UK industrial practice where he advised leading multinational companies on a wide range of strategic, financial and operational issues. Simon has an engineering degree from Cambridge University and an MBA from London Business School. Simon is a keen runner, which keeps him fit enough to stay a step ahead of his four children.
Ruth Markland
Independent Non-Executive Director
Ruth Markland was appointed as an Independent Non-Executive Director of Standard Chartered PLC in November 2003. Ruth is a Senior Independent Director of The Sage Group plc, a member of the supervisory board of Arcadis NV, and a non-executive director of Deloitte LLP. Ruth was previously chairman of the board of trustees of WRVS. Previously Ruth was managing partner, Asia for the international law firm Freshfields Bruckhaus Deringer, responsible for the firm\'s eight offices in Asia between 1996 and 2003. Prior to that Ruth worked for Freshfields in London and Singapore. She first joined Freshfields in 1977 and became a partner in 1983. Ruth studied law at Southampton University. She currently lives in the UK.
Paul Skinner
Independent Non-Executive Director
Paul Skinner was appointed as an Independent Non-Executive Director of Standard Chartered PLC in November 2003. He is currently Chair of Defence Equipment and Support, a trading entity within the Ministry of Defence responsible for all defence procurement and related support activities to the UK armed forces. He is also a non-executive director of L’Air Liquide SA. In addition, Paul is a member of the public interest body of PwC and of the advisory body of Norton Rose Fulbright LLP. He was chairman of Rio Tinto Plc from 2003 to 2009 and Chairman of Infrastructure UK, HM Treasury from 2009 to 2013. He was formerly a director of The Shell Transport and Trading Company plc and group managing director of the Royal Dutch/Shell Group of companies. During his Shell career he worked in all of Shell’s main businesses with assignments in the UK, Greece, Nigeria, New Zealand and Norway. Paul was a UK business ambassador over the period 2008 to 2012. He was a non-executive director of the Tetra Laval Group from 2005 to 2015 and also served as a member of the Defence Board of the Ministry of Defence, which he rejoined in 2014, and as chairman of both the Commonwealth Business Council and International Chamber of Commerce UK. Paul read law at Pembroke College, Cambridge and has a diploma in Business Administration from the Manchester Business School. He is married with two sons and lives in the UK.
Dr Lars Thunell
Independent Non-Executive Director
Dr Lars Thunell was appointed as an Independent Non-Executive Director of Standard Chartered PLC in November 2012. Lars is a Senior Advisor to the Blackstone Group, and is a non-executive director and vice chairman of Sithe Global Power LLP, a director of Fisterra Energy and Chairman of Global Water Development Partners (all part of the Blackstone Group). He is also a director of the Middle East Investment Initiative and Access Health International, both an independent non-profit organisations and Chairman of African Risk Capacity Insurance Company Limited, a not for profit mutual insurance company and sits on an advisory panel at the African Development Bank. Until June 2015, Lars was a non-executive director of Kosmos Energy. He was previously chief executive officer and executive vice president of the International Finance Corporation (\"IFC\"), a member of the World BankGroup, the largest global development institution focused on the private sector. In this role, Lars led the IFC\'s overall strategic direction in its mission to promote sustainable private sector development. From 1997-2005, Lars was chief executive officer of SEB, Sweden\'s leading corporate bank. From 1994-1997 he was chief executive officer of Trygg-Hansa, and from 1992-1994, president and chief executive officer of Securum, the Swedish Government ‘bad bank’.
Jasmine Whitbread
Independent Non-Executive Director
Jasmine Whitbread was appointed as an Independent Non-Executive Director of Standard Chartered PLC on 1 April 2015. Jasmine is the Chief Executive Officer of Save the Children International and is a non-executive director of BT Group plc and Valldata Group Limited. Jasmine began her career in international marketing in the technology sector and joined Thomson Financial (now Thomson Reuters) in 1994, becoming managing director of the Electronic Settlements Group based in Boston. In 1999, after completing the Stanford Executive Program the year before, Jasmine moved to West Africa to set up one of Oxfam’s first regional offices, managing nine country operations, closing under-performing offices and re-opening in Nigeria. She was then promoted to international director responsible for Oxfam’s programmes worldwide. Jasmine joined Save the Children as chief executive in 2005, responsible for revitalising one of the UK’s most established charities: refreshing brand and values, growing revenues and cutting costs. In 2010 she was appointed as Save the Children’s first international chief executive officer, tasked with leading the merger of 14 separate organisations into one management line of 15,000 people across seven regions and 60 countries, while aligning the two billion dollar federation behind a single mission and strategy. She brings significant business leadership experience as well as first-hand experience of operating across our markets. Jasmine has a BA in English from Bristol University, and is a graduate from the Stanford University Executive Program.