Standard Chartered appoints Naguib Kheraj as Chair of Board Risk Committee
Standard Chartered PLC (LON:STAN) today unveiled changes to its Board Committee composition.
Naguib Kheraj, Deputy Chairman will step down as Chair of the Audit Committee and will be succeeded by Phil Rivett, Independent Non-Executive Director with effect from December 1, 2020. Mr Kheraj will remain a member of the Audit Committee.
David Conner, Independent Non-Executive Director will step down as Chair of the Board Risk Committee to be succeeded by Naguib Kheraj with effect from 1 December 2020. Mr Conner will remain a member of the Board Risk Committee.
Mr Kheraj was appointed an independent non-executive director of Standard Chartered PLC in January 2014 and Deputy Chairman in December 2016. He was appointed an independent non-executive director of Standard Chartered Bank in April 2019.
Mr Kheraj began his career at Salomon Brothers in 1986 and went on to hold senior positions at Robert Fleming, Barclays, JP Morgan Cazenove and Lazard. Over the course of 12 years at Barclays, he served as group finance director and vice-chairman and in various business leadership positions in wealth management, institutional asset management and investment banking. Naguib Kheraj was also a Barclays’ nominated non-executive director of ABSA Group in South Africa and of First Caribbean International Bank.
He also served as chief executive officer of JP Morgan Cazenove. He is a former non-executive director of NHS England and served as a senior adviser to Her Majesty’s Revenue and Customs and to the Financial Services Authority in the UK. He also served as a member of the investment committee of the Wellcome Trust and the finance committee of Oxford University Press.
In addition, with effect from December 1, 2020 David Conner will step down as a member of the Governance and Nomination Committee and be appointed a member of the Brand, Values and Conduct Committee. Mr Rivett will be appointed as a member of the Governance and Nomination Committee.
José Viñals, Group Chairman said:
“We are delighted that Naguib has agreed to succeed David Conner as Chair of the Board Risk Committee and that Phil will succeed Naguib as Chair of the Audit Committee. Both Naguib and Phil bring considerable knowledge and experience of financial services and the regulatory and technical landscape to these Committees. I would like to thank David for his valuable contribution as Chair of the Board Risk Committee over the last 4 years.”