Directorate Change

RNS Number : 5939D

Standard Chartered PLC

16 September 2008

 



Standard Chartered appoints new independent non-executive director

16 September LONDON: Standard Chartered PLC today announced the appointment of John Paynter as an independent non-executive director with effect from 1 October, 2008, subject to the usual regulatory approvals.

Mr Paynter, 54, has a wealth of experience in the fields of corporate broking and financial advisory after serving 29 years with Cazenove, and latterly JP Morgan Cazenove where he served as Vice Chairman.  Over the years, he has worked with some of the biggest FTSE companies from a cross-section of industries.  Mr Paynter is also a non-executive director of Jardine Lloyd Thompson Group plc.

Mervyn Davies, chairman of Standard Chartered PLC, said: 'John has deep understanding of the financial markets and the corporate sector. We welcome his wisdom and judgement.'

As at the date of this announcement, Mr Paynter owns 2,000 ordinary shares in Standard Chartered PLC. 

There are no further details requiring disclosure under Listing Rule 9.6.13.

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For more information, contact: 

Arijit De

Head of Media Relations

Standard Chartered PLC

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Biography

John Paynter, former Vice Chairman, JP Morgan Cazenove

As vice chairman, John's responsibilities were predominantly external facing, acting on behalf of major clients and handling all aspects of the broking relationship, including corporate advice. His experience ranges across a cross-section of industries including banking, insurance, pharmaceuticals, media, oil and transport.

After three years at the Bar he joined Cazenove in 1979. He was appointed partner in 1986 and later headed Corporate Finance, Cazenove's largest business. In 1999 he moved to the Capital Markets area, working more closely with institutional investors. Following Cazenove's merger with JP Morgan in 2005, John was appointed Vice Chairman of the Firm.

John has a degree in law from University College, Oxford. He is married with three children, and lives in London. 

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

Standard Chartered PLC, listed on both London and Hong Kong stock exchanges, ranks among the top 25 companies in the FTSE-100 by market capitalisation. The London-headquartered Group has operated for over 150 years in some of the world's most dynamic markets, leading the way in Asia, Africa and the Middle East. Its income and profits have more than doubled over the last five years primarily as a result of organic growth and supplemented by acquisitions. 

Standard Chartered aspires to be the best international bank for its customers across its markets. The Bank derives more than 90 per cent of its operating income and profits from Asia, Africa and the Middle East, generated from its Wholesale and Consumer Banking businesses. The Group has around 1,750 branches and outlets located in over 70 countries. The extraordinary growth of its markets and businesses creates exciting and challenging international career opportunities.

Leading by example to be the right partner for its stakeholders, the Group 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. It employs 75,000 people, nearly half of whom are women. The Group's employees are of 115 nationalities, of which 60 are represented among senior management. 

For more information, please visit: www.standardchartered.com

 

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