People Moves

Standard Chartered Makes Trio Of Board Changes

Natasha Taghavi Reporter London 20 June 2013


Standard Chartered, the London-listed bank that earns the bulk of its revenues outside the UK, in regions such as Asia, has appointed two new independent non-executive directors and a senior independent director to its board.

Kurt Campbell, who has been hired as an independent non-executive director, is currently chairman and chief executive of the Asia Group, a strategic advisory and investment group specialising in the Asia-Pacific region. From 2009 to 2013, Campbell served as the US assistant secretary of state for East Asian and Pacific affairs.

Christine Hodgson, who has also been appointed as an independent non-executive director, with effect from 1 September, is currently the chair of Capgemini UK. Hodgson joined Capgemini in 1997, and held a variety of roles during her time at the firm including, chief finance officer for Capgemini UK and CEO of technology services for the north western region of Europe.

Ruth Markland, who has been named as senior independent director, with effect from 1 July, has been an independent non-executive director of Standard Chartered since 2003, and has chaired the remuneration committee since 2006. She succeeds Rudy Markham, who will be stepping down from the board by the 2014 annual general meeting.

In other recent developments, last month Morgan Stanley agreed to sell its Indian wealth and management unit to Standard Chartered Bank following a strategic review, adding to the US firm's recent sale of its Europe, Middle East and Africa wealth management business.

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