Standard Chartered Secures Shirish Apte as Chair of Remuneration Committee

Standard Chartered PLC announced that Shirish Apte, Independent Non-Executive Director will succeed Christine Hodgson as Chair of the Company's Remuneration Committee and will also join its Governance and Nomination Committee, both with effect from 1 January 2023. His appointment follows receipt of the necessary regulatory approvals.

Christine Hodgson will step down as Chair of the Company's Remuneration Committee and as a member of its Governance and Nomination Committee with effect from 31 December 2022 and will retire from the Board on 31 January 2023.

Shirish has extensive corporate, investment banking, risk management, commercial and retail banking experience. He has deep understanding of financial services, notably across the Asia Pacific, Middle East, Africa and Central and Eastern European regions.

Shirish spent over 30 years with Citigroup, where he focused on corporate and investment banking, and managed commercial and retail banking businesses at country and regional level.  He has strong Risk experience at Country and Regional level and was a Senior Credit Officer and a Senior Securities Officer at Citigroup.

Shirish was Co-CEO for Citi's Europe, Middle East and Africa business from 2008 to 2009, and Regional CEO Asia Pacific from 2009 – 2011. He was Chairman Asia Pacific Banking from 2012 until his retirement in 2014. He was on the Executive and Operating Committees of Citigroup from 2008 – 2014.