Standard Chartered announces Phil Rivett to its Board as upcoming Independent Director

– UK, London –  Standard Chartered PLC (LON: STAN) today announced the appointment of Phil Rivett to its Board of Directors as an independent non-executive director. Phil will take up his appointment on 6 May 2020 and will also join the Company’s Audit and Board Risk Committees.

“Phil has more than 40 years of professional accountancy and audit experience specifically focused on the financial services sector. He has a significant understanding of the risk factors affecting the global financial services industry and has an in-depth understanding of the regulatory landscape as well as the experience of operating across many of our markets. I am delighted to welcome Phil to Standard Chartered and look forward to his contribution in our Board and Committee discussions.” said José Viñals, Group Chairman.

“On behalf of the Board, I would like to thank Louis Cheung for his important contributions to the Group over the past seven years, as well as his considerable insights into Asia, particularly Hong Kong. We wish Louis Cheung all the very best for the future”. he added.

About Phil Rivett

Phil has a strong technical understanding and broad financial and business experience gained over more than 40 years in various senior positions at PricewaterhouseCoopers, the last seven years of which were as Chairman of the firm’s Global Financial Services Group. Phil joined PwC as a graduate trainee accountant, becoming Partner in 1986. He spent more than 30 years as a Partner at PwC where he went on to become Leader of the Financial Services Assurance practice in 2007. He was appointed Chairman of its Global Financial Services Group in 2011.

Phil was the lead relationship partner for several large FTSE 100 companies including, a number of banks and financial services institutions. He retired from PwC in 2018. Phil previously sat on a number of financial services industry groups producing guidelines for best practice in governance, financial reporting and risk management. Phil has a Bachelor of Science degree in Physics from Imperial College, London.

Phil is currently an independent non-executive director of Nationwide Building Society and is based in London.

After over seven years as an independent non-executive director on the Board, and having participated as a member of the Remuneration Committee in that time, Mr Louis Cheung has decided to step down from the Board and will retire as a director on 25 March 2020.

About Standard Chartered

We are a leading international banking group, with a presence in 59 markets and serve clients in a further 85. Our purpose is to drive commerce and prosperity through our unique diversity, and our heritage and values are expressed in our brand promise, Here for good.

Standard Chartered PLC is listed on the London and Hong Kong Stock Exchanges as well as the Bombay and National Stock Exchanges in India.

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