Standard Chartered PLC today announced changes to its Board.

Dr Linda Yueh has been appointed as an independent non-executive director of the company with effect from 1 January 2023.

Ms Yueh is a renowned economist and financial broadcaster. She has a diverse range of experience and skills across financial services, technology, not for -profit and business to business service sectors.

She recently served on the Independent Review Panel on Ring-Fencing and Proprietary Trading for HM Treasury, which will bring additional insights in an area of focus for the Company. She is a Fellow in Economics at St Edmund Hall, Oxford University and Adjunct Professor of Economics at London Business School and a Visiting Professor at the LSE IDEAS at the London School of Economics and Political Science.

Since 2017, Linda Yueh has built a successful portfolio non-executive career. She currently serves as an independent non-executive director of Rentokil Initial Plc and Segro Plc, both listed on the London Stock Exchange and is Chair of the Baillie Gifford Schiehallion Fund Ltd, an investment company listed on the Specialist Fund Segment of the London Stock Exchange Main Market.

Ms Yueh will step down from the board of Fidelity China Special Situations Plc where she is currently Senior Independent Director, ahead of joining the Standard Chartered PLC Board. Between 2011 and 2013 Linda held non-executive directorships with Scottish Mortgage Investment Trust Plc, London & Partners Ltd and JPMorgan Asia Growth & Income Plc. Linda is Chair of the Royal Commonwealth Society, a Trustee of Malaria No More UK and a Trustee of the Coutts Foundation.

On appointment, Linda Yueh will join Standard Chartered’s Remuneration and Culture and Sustainability Committees.

The company also announced that Jasmine Whitbread, independent non-executive Director, Chair of the Culture and Sustainability Committee and member of the Remuneration and Governance and Nomination Committees, has decided not to seek re-election at the 2023 AGM. She will step down at the AGM, by which time she will have begun her ninth year on the Board.