Directorate

STANDARD CHARTERED PLC
7 October 1999
 
BOARD CHANGES

Standard Chartered PLC announces that Peter Wood (56) Group Executive Director
with responsibility for Finance and Treasury will retire from the Board after
the 1999 results announcement in February next year.  He will remain with the
Group until April 2000.

Nigel Kenny, 51, will join the Board as a Group Executive Director with
immediate effect.  Nigel qualified with Price Waterhouse as a Chartered
Accountant and joined Standard Chartered in 1992 after thirteen years with
Chase Manhattan.  He will take on responsibility for Group Finance, following
the presentation of the Group's 1999 results at the end of February 2000. 
Nigel will work closely with Peter over the next six months to ensure a smooth
transition.

Group Executive Director, Kai Nargolwala, will assume responsibility for
Treasury from 1 January 2000. 

Rana Talwar, Group Chief Executive, commented:  'Peter has provided me with
unstinting and invaluable support in my first full year as Chief Executive. 
We have known for some time that it was Peter's wish to retire to pursue his
personal interests.  He leaves with the warmest good wishes of us all.  During
his time with the bank, its financial performance and reputation in the market
has dramatically improved.  He has made an outstanding contribution.

Nigel, having headed up audit, strategy and recently service delivery at
corporate and institutional banking, has great experience and understanding of
the Group.  We are fortunate to have such an appropriate and well qualified
successor to Peter within Standard Chartered.'

Peter Wood commented 'After nearly seven years as a Finance Director at
Standard Chartered, I have decided to retire.  Having advised Patrick and Rana
of this some months ago, we have worked closely together to ensure a smooth
and orderly handover. I have greatly enjoyed my years at Standard Chartered
and know that the Bank's finances are in good hands with Nigel and that, under
the guiding hand of Rana and my fellow Board members, we have achieved an
excellent position as a world class emerging markets bank with an exciting
strategy for the future.'


For Further Information Contact:

Tim Halford, Director of Corporate Affairs       0171 280 7159
Pam McGann, Group Investor Relations Manager     0171 280 7164

Note To Editors:

Nigel Kenny joined Standard Chartered in 1992 as Group Head of Audit.  In
April 1994 he was appointed Regional General Manager UK & Europe, and in
January 1995 also assumed the role of Group Head of Strategy.  In October 1996
he moved to Singapore as Group Head of Custody and in 1998 assumed the role of
Group Head of Corporate and Institutional Banking with responsibility for
service delivery.  

Nigel is a chartered accountant, having qualified with PriceWaterhouse in
London and was with Chase Manhattan Bank for 13 years prior to joining
Standard Chartered.  He is a graduate from the University of Surrey where he
received a 1st Class Honours degree in Theoretical Physics and a PhD in
Computer Simulation Studies.