Shirish Apte to succeed Christine Hodgson as Chair of StanChart’s Remuneration Committee
Standard Chartered PLC today 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 Apte 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.
Shirish Apte is an independent non-executive director and member of the Risk & Compliance and Audit Committees at the Commonwealth Bank of Australia, an independent non-executive director at Singapore Life Pte Ltd, and an independent non-executive director of Keppel Corporation Limited, where he is a member of its Audit and Board Risk Committees.