Friday, September 07, 2007

Jaspal Bindra (84BMD) as New StanChart Asia Head

Press Release (Sept 7, 2007):

Standard Chartered Bank is pleased to announce today that Jaspal Bindra, currently Regional Chief Executive Officer for South and South East Asia, will take responsibility for growth and governance across the Asia region, excluding South Korea. He will oversee several of Standard Chartered’s key markets like China, Hong Kong, India, Singapore, Malaysia and Indonesia, among others.

Mr. Bindra succeeds former Group Executive Director Kai Nargolwala’s governance role who has resigned to pursue other career interests.

Mr. Bindra was in August appointed Director of Standard Chartered Bank, the main operating subsidiary of the Group, and is a key member of Standard Chartered Group’s senior management team. He is on the Boards of Standard Chartered Bank (Thai) PCL, Prime Financial Holdings Limited, Standard Chartered Bank Malaysia Berhad and SCOPE International (M) Sdn Bhd. He is the Chairman of Standard Chartered Nepal Limited, Standard Chartered Bank (Mauritius) Limited and Scope International Private Limited, India.

Group Chief Executive Peter Sands said: “The Bank has robust succession plans which reflect the strength of our management team, and this appointment is evidence of this. Jaspal Bindra is a seasoned banker with a strong business and governance background, who has held many senior roles with Standard Chartered since joining us in 1998 as Chief Executive, India region. He is an excellent choice to deliver the Bank’s ambitions in Asia.”

Mr Bindra said: “I am honoured to be taking up this position. Asia is at the heart of Standard Chartered and I look forward to working closely with all our stakeholders across the region.”

Jaspal joined Standard Chartered Bank in 1998 as Chief Executive India and successfully led the acquisition of ANZ Grindlays. Prior to his current role Jaspal was Global Head of Client Relationships, Wholesale Banking where he was responsible for all client relationships and commercial banking products across all the 56 countries that the Bank operates in.

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