Recent Insider Transactions • Aug 06
Key Executive recently sold UK£6.7m worth of stock On the 4th of August, William Winters sold around 300k shares on-market at roughly UK£22.21 per share. This transaction amounted to 7.8% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was William's only on-market trade for the last 12 months. Reported Earnings • Aug 04
Second quarter 2026 earnings released: EPS: US$0.77 (vs US$0.73 in 2Q 2025) Second quarter 2026 results: EPS: US$0.77 (up from US$0.73 in 2Q 2025). Revenue: US$5.55b (up 2.7% from 2Q 2025). Net income: US$1.71b (flat on 2Q 2025). Profit margin: 31% (in line with 2Q 2025). Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Banks industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Jul 31
Dividend of US$0.20 announced Shareholders will receive a dividend of US$0.20. Ex-date: 6th August 2026 Payment date: 29th September 2026 Dividend yield will be 2.6%, which is lower than the industry average of 6.5%. Sustainability & Growth Dividend is well covered by earnings (29% payout ratio) and is expected to be well covered in 3 years' time (32% forecast payout ratio). The dividend has increased by an average of 24% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to grow by 49% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Tillkännagivande • Jul 30
Standard Chartered PLC (LSE:STAN) announces an Equity Buyback for $1,000 million worth of its shares. Standard Chartered PLC (LSE:STAN) announces a share repurchase program. Under the program, the company will repurchase up to $1,000 million worth of its shares. The purpose of the program is to reduce SC's share capital. The repurchased shares will be cancelled. The program is valid till January 29, 2027. Tillkännagivande • Jul 29
Standard Chartered PLC Recommends Ordinary Interim (Semi-Annual) Dividend for the Financial Year End 31 December 2026, Payable on 29 September 2026 Standard Chartered PLC recommended the 2026 interim dividend of 20.4 cents per ordinary share will be paid in pounds sterling, Hong Kong dollars or US dollars on 29 September 2026 to shareholders on the UK register of members at the close of business in the UK on 7 August 2026. The shares will trade ex-dividend on 6 August 2026 in the UK and 5 August 2026 in Hong Kong. Tillkännagivande • Jul 01
Standard Chartered plc Appoints Margaret Harwood-Jones as CEO for Europe and UK Standard Chartered PLC announced that Margaret Harwood-Jones has been appointed as CEO for Europe and UK. The creation of the newly unified CEO role will bring Europe and UK oversight under one role to enhance alignment across the region's 11 markets. Harwood-Jones is currently global head of Financing Securities Services (FSS) at the bank. Tillkännagivande • Jun 10
Standard Chartered plc Announces Appointment of Tanate Phutrakul as Independent Non-Executive Director and to Audit and Board Risk Committees, Effective July 1, 2026 Standard Chartered PLC announced the appointment of Mr. Tanate Phutrakul (aged 61) as an independent non-executive director of the Company with effect from July 1, 2026. Tanate will join the Audit and Board Risk Committees from the same date. Tanate is a highly experienced international banker and former Group Chief Financial Officer and member of the Executive Board of ING Group, a company listed on Euronext Amsterdam and the New York Stock Exchange. He brings deep expertise in financial strategy, capital management, operating within complex regulatory environments and managing large-scale banking transformation programmes. Tanate has a good understanding of, and affiliation to, the Group's footprint particularly those markets within Asia. Tanate joined ING in 1998 as Managing Director of ING Barings Securities Thailand. From 2003 until 2008 he served in successive roles as Head of Wholesale Banking and Chief Financial Officer of TMB Bank in Thailand. He returned to ING in 2008 and went on to serve as Chief Financial Officer of ING's Operations and IT division, ING Retail Banking International and ING Belgium, before being appointed as the Group Chief Financial Officer of ING Group and member of their Executive Board in 2019, a role he held for seven years before retiring from ING Group in April 2026 after 24 years. Tillkännagivande • Jun 09
Standard Chartered PLC Announces Appointment of Edward McBride to Global Head, Consumer & Retail, M&A Advisory, Effective June 9, 2026 Standard Chartered PLC announced the appointment of Edward McBride as Global Head, Consumer & Retail, M&A Advisory, effective June 9, 2026. Edward was based in London and reported to Rajesh Singhi, Global Head, M&A Advisory. Edward joined Standard Chartered from Deutsche Bank in London, where he led coverage of large, UK-based consumer, retail, leisure and lodging corporates and sponsor clients. Prior to that, he held senior roles at Citi and private equity firm PAI Partners. Edward had over 25 years of experience in investment banking. In his new role, Edward will help drive the growth of Standard Chartered's global consumer and retail advisory franchise, deepening client relationships and enhancing the Bank's ability to deliver complex, cross-border transactions across its global network. His appointment reflects the Bank's continued investments in strengthening sector-led advisory expertise in its key markets. With over 25 years of experience in investment banking, Edward joins Standard Chartered from Deutsche Bank in London, where he led coverage of large, UK-based consumer, retail, leisure and lodging corporates and sponsor clients. Prior to that, he held senior roles at Citi and private equity firm PAI Partners. Tillkännagivande • May 29
Standard Chartered Appoints Shebani Baweja as Group Chief Data Officer, Effective 28 May 2026 Standard Chartered announced the appointment of Shebani Baweja as Group Chief Data Officer (CDO) with immediate effect i.e 28 May 2026 . Shebani will be reporting to Alvaro Garrido, Chief Operating Officer for Technology & Operations (T&O) and Chief Information Officer for Information Security & Data and will be based in Singapore. As Group CDO, Shebani will lead the Group Data Office and continue to shape the Bank's data strategy, setting the direction for how data is governed, managed and used across the organisation. She will oversee its execution by building strong data foundations, embedding consistent practices, and accelerating the use of data and analytics to support growth, innovation and better decision-making. Shebani brings with her more than 20 years of experience and a proven track record in driving data-led digital transformations. Since joining the Bank in 2008, Shebani has held senior roles across Wealth and Retail Banking (WRB) and T&O transformation. Most recently as Chief Information Security Officer (CISO) for WRB and International Markets, she led the cyber risk strategy, strengthening controls and governance to protect clients, enable business growth and support digitisation. Board Change • May 22
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 10 experienced directors. 1 highly experienced director. Member of International Advisory Council Jose Vinals Iniguez was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • May 19
Standard Chartered PLC Announces Group Chief Financial Officer Changes Standard Chartered PLC announced that Manus Costello (50) will be appointed as Group Chief Financial Officer (“GCFO”), subject to regulatory approval. He will become interim GCFO with immediate effect, 17 May 2026. Manus will be based in London and report directly to Group Chief Executive, Bill Winters. As GCFO, he will also become a member of the Group’s Management Team. Manus takes up his new role after joining the Company in April 2024 as Global Head of Investor Relations. Prior to that, Manus had 25 years of experience in equity research, including as a founding partner and Global Head of Research at Autonomous. The company offered thanks to Pete Burrill for stepping in as interim GCFO, in helping the company maintain the pace of financial and strategic progress. He has made a valuable contribution to the Group. Tillkännagivande • May 18
Standard Chartered PLC Announces Board and Executive Appointments Standard Chartered PLC (the “Company”) announced that Manus Costello (50) join the Board as an Executive Director, subject to regulatory approval. Manus will be based in London and report directly to Group Chief Executive, Bill Winters. As GCFO, he will also become a member of the Group’s Management Team. Manus takes up his new role after joining the Company in April 2024 as Global Head of Investor Relations. Prior to that, Manus had 25 years of experience in equity research, including as a founding partner and Global Head of Research at Autonomous. The Company also announced the appointment of Tanuj Kapilashrami as Group Chief Operating Officer. This role is effective immediately (17 May 2026) and serves as an enabler of the Group’s growth and transformation agenda. This role will provide oversight of Strategy, Group-wide transformation, ensuring disciplined delivery and resilience of its corporate functions. Tanuj has been a member of the Group Management Team since 2021 having joined Standard Chartered in 2017. She continues to report to Bill Winters. Tillkännagivande • May 09
Standard Chartered plc Approves Final Dividend for the Year Ended 31 December 2025 Standard Chartered PLC at its AGM held on May 7, 2026 approved final dividend of 49 US cents per ordinary share for the year ended 31 December 2025. Tillkännagivande • Apr 20
Standard Chartered plc Announces Appointment of Diane Jurgens as Independent Non-Executive Director of Infosys Limited, Effective April 22, 2026 Standard Chartered PLC announced that Diane Jurgens, independent non-executive director, will be appointed to the board of Infosys Limited, a company listed on the National Stock Exchange of India Limited, BSE Limited and New York Stock Exchange, as an independent non-executive director, with effect from April 22, 2026. Tillkännagivande • Mar 25
Standard Chartered PLC to Report Q4, 2026 Results on Feb 11, 2027 Standard Chartered PLC announced that they will report Q4, 2026 results on Feb 11, 2027 Tillkännagivande • Mar 09
Standard Chartered Announces Appointment of Karby Leggett as Regional Head of Digital Assets Standard Chartered had appointed Karby Leggett as the regional head of digital assets. Karby Leggett’s new role will span across Greater China, North Asia, South Asia, and ASEAN as part of the Digital Assets Center of Excellence at Standard Chartered. This appointment is in addition to his existing position as the global head of the official institutions group, which is a part of the bank’s global research team. The expanded responsibilities have been introduced as digital assets and official sector engagement increasingly intersect across the bank’s markets. This trend is driven by clients who are exploring the transformative potential of these technologies for their business models and financial ecosystems. Mr. Leggett’s vast experience in working with governments, multilateral organizations, and other official sector stakeholders will be critical in accelerating Standard Chartered’s digital assets strategy. His expertise will also contribute to reinforcing the bank’s leadership in this area and in delivering innovative solutions to its clients across Asia. Tillkännagivande • Mar 05
Standard Chartered Appoints Naveen Mallela as Global Head of Payments, Effective 4 May 2026 Standard Chartered announced the appointment of Naveen Mallela as Global Head of Payments effective 4 May 2026. Naveen will be based in Singapore and will report to Mahesh Kini, Global Head of Cash Management, Standard Chartered. In his role, Naveen will lead the bank’s integrated payments organisation bringing together Collections, Clearing and Payments teams into a single organisation reflecting the rising client demand for end-to-end solutions. The global payments team will design and deliver solutions across the entire payments’ lifecycle across traditional and emerging tokenised and on-chain payment flows. Naveen joins the Bank from JP Morgan Chase where he was the Global Co-Head of Kinexys (formerly Onyx), the bank’s permissioned blockchain business unit focusing on real-time, 24/7, cross-border payments and digital asset settlement. With more than 25 years driving global transaction banking and payments innovation experience, Naveen brings deep expertise in modernising payment infrastructures and scaling next-generation solutions. Tillkännagivande • Feb 11
Standard Chartered PLC Appoints Raza Jafree as Global Head, Private Client Sales Standard Chartered PLC has announced the appointment of Raza Jafree as global head, private client sales. He will head a team focused on collaboration between the investment banking and retail banking units. Jafree will lead the team under a new partnership between the CIB and WRB businesses to offer CIB solutions to clients. Raza Jafree will be based in Hong Kong. Tillkännagivande • Jan 30
Standard Chartered PLC Appoints Ryan Younghun Song as Head of Mergers and Acquisitions for Korea Standard Chartered PLC has announced the appointment of Ryan Younghun Song as head of mergers and acquisitions for Korea. Song is to be based in Seoul. Song has more than 20 years of investment banking experience. Tillkännagivande • Jan 08
Standard Chartered Announces Executive Appointments Standard Chartered announced that Sundeep Gantori joined as chief investment officer, equities and Jonathan Liang has been named chief investment officer, fixed income & foreign exchange (FX). Gantori will operate out of Singapore and oversee the bank's equity strategy team and work on integrating equity strategies into client and frontline advisory services. He brings nearly 20 years of experience in equity strategy. Before joining Standard Chartered, Gantori worked at UBS, where he was CIO equity strategist within the UBS Global Wealth Management Chief Investment Office. His responsibilities there included global technology sectors such as semiconductors, software, internet, IT services, and hardware, along with managing the AI portfolio globally. Based in Hong Kong, Liang will lead the team responsible for fixed income and foreign exchange strategy, aligning these offerings with frontline teams. Liang's experience spans over 25 years in investment roles. He previously held the role of head of Asia ex-Japan Investment Specialists at J.P. Morgan Asset Management within their Global Fixed Income, Currency and Commodities Group. His remit included fixed income portfolio advisory services for financial institutions, fintech companies, sovereign wealth funds, and central banks. Both Gantori and Liang will report to Standard Chartered global chief investment officer Steve Brice. Tillkännagivande • Dec 19
Standard Chartered PLC Appoints Phil Rivett as a Member of its Remuneration Committee, Effective 1 January 2026 Standard Chartered PLC has approved the appointment of Phil Rivett as a member of its Remuneration Committee with effect from 1 January 2026. Tillkännagivande • Nov 25
Standard Chartered GPB Appoints Peter Horng as Head of Investment Advisory and Product Advisory, Private Banking, Greater China and North Asia Standard Chartered GPB, the private banking arm of UK-based Standard Chartered has announced a new appointment of Peter Horng as head of investment advisory and product advisory, private banking, Greater China and North Asia. Horng has more than 25 years of wealth management experience. Tillkännagivande • Nov 14
Standard Chartered PLC Announces Group Company Secretary Changes, Effective 14 November 2025 Standard Chartered PLC (Company) announced that Adrian de Souza, Group Company Secretary will leave his role on 14 November 2025 with Scott Corrigan taking on that position from 14 November 2025, in addition to his role as Group General Counsel. Mr. Corrigan, a qualified lawyer, joined the Company in 2014 and has held the role of Group General Counsel since January 2025. Tillkännagivande • Oct 09
Standard Chartered Announces Executive Changes Standard Chartered announced the appointment of Roberto Hoornweg as chief executive officer of Corporate & Investment Banking (CIB). Roberto, previously co-Head of CIB alongside Sunil Kaushal, assumes the role following Sunil's decision to retire on 31 March 2026. This leadership change marks a significant development in the bank's executive team. Roberto retains oversight of Standard Chartered's markets in the Americas, Europe, Africa, and the Middle East. The ASEAN and South Asia markets, previously under Sunil's supervision, will transition to Judy Hsu. Judy will manage these regions in addition to her role as CEO of Wealth and Retail Banking and her oversight of Greater China and North Asia Markets. Roberto brings over 30 years of experience in the banking industry. He joined Standard Chartered in 2017 as global head of Financial Markets. In this role, he led teams providing risk management, transaction services, and financing across more than 50 markets. His prior experience includes senior roles at Brevan Howard Asset Management, UBS Investment Bank, and Morgan Stanley. Sunil Kaushal's career with Standard Chartered spanned 27 years, during which he held global and regional leadership roles in retail and corporate banking. As CEO of Africa & Middle East, Sunil led the region in corporate and investment banking. He is also stated to have pioneered digital transformation, launching digital banks in nine African markets. Tillkännagivande • Sep 18
QNB Group, Standard Chartered and DMZ Finance Launch Dubai International Financial Centre’S First Tokenized Money Market Fund QNB Group, Standard Chartered and DMZ Finance jointly announced that the Dubai International Financial Centre's (DIFC) first regulated tokenized money market fund, the QCD Money Market Fund (units in QCDT), has been officially launched, setting an industry benchmark for Real World Asset (RWA) tokenization in the Middle East. The fund is initiated and underlying investment is managed by QNB Group, the largest bank in the Middle East and Africa, with DMZ Finance serving as co-initiator and exclusive provider of tokenization infrastructure. The Fund appointed Capricorn Fund Managers (DIFC) Limited (CFMD) to act as the Fund Manager, while Standard Chartered, one of the world's leading international banks, serves as custodian of the QCD Money Market Fund, providing custody of the underlying assets. In 2024, Standard Chartered officially launched its regulated digital asset custody services in the DIFC. As the first regulated tokenized money market Fund in the DIFC, QCD Money Market Fund demonstrates comprehensive advantages in authority, compliance, security, liquidity and market positioning. Its applications are broad: QNB Group recognized QCDT as eligible collateral and the QCDT will soon be adopted as a mirrored collateral asset by leading global exchanges. RWA is rapidly becoming the essential bridge between TradFi and DeFi. Tillkännagivande • Sep 16
Standard Chartered PLC Announces Audit Committee Changes, Effective 15 September 2025 Following its announcement on 8 May 2025, Standard Chartered PLC confirms that regulatory approval was received from the PRA with consent from the FCA for Jackie Hunt's appointment as Chair of the Audit Committee. Jackie's appointment took effect on 15 September 2025. Phil Rivett, who remained Chair of the Audit Committee ahead of Jackie receiving regulatory approval, stepped down as Chair of the Audit Committee effective 15 September 2025. Tillkännagivande • Aug 28
Ant International, Standard Chartered and Swift Collaborate to Pioneer Bank-To-Wallet Payment Solution Backed by ISO 20022 Supported by Swift's trusted infrastructure, Ant International and Standard Chartered Bank have launched live production trials for a bank-to-wallet payment solution using the ISO 20022 financial messaging standards. Through Alipay+, the global wallet gateway service under Ant International, the first transactions were completed successfully between a Standard Chartered Bank customer account and a partner e-wallet. Through simplifying global money transfers, the innovative solution leverages the Swift network of over 11,500 financial institutions in more than 200 countries and territories to connect to 1.7 billion user accounts on the 36 global digital wallets in the Alipay+ ecosystem, especially across fast-growing Asian markets. Swift is at the forefront of providing a best-in class experience with greater flexibility and choice. This collaboration with Ant International and Standard Chartered reflects that strategic commitment to faster, frictionless payments across multiple networks. Ant International's Alipay+ is a unified wallet gateway with cross-border payment and digitisation services that help connect global merchants to consumers. Consumers enjoy seamless payment, a broad choice of deals and the convenience of digital services using their preferred payment app while travelling abroad. Small and medium-sized businesses may use Alipay+ digital tools to enhance efficiency and achieve omni-channel growth. Tillkännagivande • Aug 04
Standard Chartered PLC (LSE:STAN) commences an Equity Buyback for 239,567,385 shares, representing 10% of its issued share capital, under the authorization approved on May 8, 2025. Standard Chartered PLC (LSE:STAN) commences share repurchases on August 1, 2025, under the program mandated by the shareholders in the Annual General Meeting held on May 8, 2025. As per the mandate, the company is authorized to repurchase up to 239,567,385 shares, representing 10% of its issued share capital. The minimum price which may be paid for an ordinary share shall be $0.5 and the maximum price which may be paid for an ordinary share shall be an amount equal to 5% of the average of the middle market quotations for an ordinary share taken from and calculated by reference to the London Stock Exchange Daily Official List for the five business days immediately before the date on which the Company agrees to buy the shares, or the price of the last independent trade or the highest current independent bid. The repurchased shares will be cancelled. The authority will be valid till next Annual General Meeting of the company or August 7, 2026, if earlier. As of April 1, 2025, the company had 2,395,673,854 issued shares and no treasury shares.
On July 31, 2025, the company initiated a Market Repurchase. Under the program, the company entered into a non-discretionary agreement with Goldman Sachs International to repurchase up to 194,363,280 shares for $1,300 million. The purpose of the buy-back is to reduce share capital. The repurchases will commence from August 1, 2025 and will run till January 31, 2026. Tillkännagivande • Jul 17
Standard Chartered Appoints Lisa Pollina as Vice Chairman, Americas Standard Chartered has appointed Lisa Pollina as Vice Chairman, Americas. Pollina will report to Alex Manson, CEO of SC Ventures, and matrix into Mandy DeFilippo, CEO for the U.S. and Americas. Named by American Banker as one of the 'Top 25 Most Powerful Women in Finance', Pollina has advised on private equity and private credit investments at Ares Management and sponsor-related initiatives via Alvarez Marsal. Previously, she served as Vice Chairman for RBC Capital Markets and was the Global FIG Financial Institutions Executive at Bank of America Securities where both venture capital and private equity sponsors were under her remit. Experienced in Corporate Governance, Lisa serves on the Board of Directors for Munich Re Americas and the energy company NESR. She has been a seven-year appointee to the Federal Reserve Bank of the United States' Working Group on Global Markets and currently serves in leadership of the Atlantic Council of the United States fostering global trade and business collaboration worldwide. She is a member of the Council on Foreign Relations. Pollina holds an MBA from the Yale School of Management and, concurrent with her full-time roles, was an instructor in corporate finance at the University of Chicago. In 2021, during the tenure of Pope Francis, she was made a Dame in the Sovereign Military Order of St. John of Jerusalem, of Rhodes, and of Malta, a distinction recognizing global service and leadership. For SC Ventures, Pollina will play a critical role in growing the presence in the region, leveraging her extensive experience and networks to deepen partnerships and identify fundraising opportunities. She will play an advisory role on the SC Ventures Portfolio Management Committee, and across other SC Ventures forums. For CIB, Pollina will work to originate and cultivate high-value relationships with key corporate and financial institution clients. Pollina's appointment underlines Standard Chartered's commitment to increase cross-divisional collaboration, as well as reaffirming its ambitious growth plans in the region. Tillkännagivande • May 02
Standard Chartered PLC Provides Unchanged Earnings Guidance for the Year 2025 and 2026 Standard Chartered PLC provided unchanged earnings guidance for the year 2025 and 2026. For the year 2025 and 2025, the company expects Operating income to increase 5-7% CAGR in 2023-2026 at ccy excluding the deposit insurance reclassification; currently tracking towards the upper end of the range; 2025 growth expected to be below the 5-7% range at ccy excluding notable items. Tillkännagivande • Apr 09
Standard Chartered PLC to Report Q4, 2025 Results on Feb 24, 2026 Standard Chartered PLC announced that they will report Q4, 2025 results on Feb 24, 2026 Tillkännagivande • Mar 17
Standard Chartered PLC Announces Board Changes Standard Chartered PLC confirmed that regulatory approval has now been received from the PRA and FCA for Maria Ramos' appointment as Group Chair. Maria's application for her right to work in the UK remains on track and she is expected to assume her new role at the conclusion of the Company's 2025 Annual General Meeting on 8 May 2025, when José Viñals will retire from the Board. Tillkännagivande • Feb 21
Standard Chartered PLC Announces Final Dividend for the Year Ended 31 December 2024, Payable on 19 May 2025 Standard Chartered PLC announced the final dividend of USD 0.28 per share for the year ended 31 December 2024, payable on 19 May 2025. Ex-dividend date 26 March 2025. Tillkännagivande • Feb 17
Standard Chartered plc Announces Chief Executive Officer Changes in India Reserve Bank of India given its approval to appoint corporate banking veteran and former JP Morgan India CEO Prabdev (PD) Singh as the CEO for Standard Chartered (StanC) in India and South Asia people familiar with the matter said. Singh will start his three year term on April 1 succeeding Zarin Daruwala who retires from the bank at the end of March. Singh was the top choice for the Asia focused UK bases lender among three names sent to the RBI, after interviews held in October, ET had reported in its December 11 edition. Singh had stepped down as CEO of JP Morgan in India, in June last year before the end of his term. He had received regulatory approval in January 2023 for a three-year term. Singh rose through the ranks and headed corporate banking in JP Morgan India after joining the bank in 2010. He had previously worked in HSBC for more than a decade also heading corporate banking there. The 30 year corporate banking veteran is a familiar name in India Inc. having been involved in crucial deals of foreign currency funding, credit facilities and structured deals across industries for Indian corporates as well as for domestic banks. The soft spoken banker takes over at a time when StanC is pivoting focus towards wealth management in India noting the rising affluence and higher income potential in the country. The bank sold its INR 41,000 Million personal loan portfolio to Kotak Mahindra Bank in October last year. He takes over from Daruwala, who completes her third three year term in March. Daruwala joined StanC as its first woman CEO in 2016 after a 26-year stint at ICICI Bank, where she ultimately led the bank’s wholesale banking division. Tillkännagivande • Feb 05
Standard Chartered PLC, Annual General Meeting, May 08, 2025 Standard Chartered PLC, Annual General Meeting, May 08, 2025. Tillkännagivande • Jan 23
Standard Chartered Appoints Sal Vitale as Managing Director and Head of Coverage for the US and Americas Standard Chartered announced that it has appointed Sal Vitale as managing director and head of Coverage for the US and Americas, effective January 13, 2025. In his new role, Vitale will lead efforts to strengthen the bank's coverage capability, connecting corporate and financial institution clients to its global footprint. Based in New York, he will report to Stella Choe, global head of Corporate Coverage; Molly Duffy and Jerry Zhang, global co-heads of Financial Institutions Coverage; and regionally to Steven Cranwell, chief executive officer for the US and Americas. Vitale, who has nearly 25 years of experience in Corporate and Investment Banking, was most recently managing director and head of US Corporate Coverage at Deutsche Bank. Before that, he spent more than 15 years at Bank of America Merrill Lynch across Corporate Banking, Investment Banking, and Debt Capital Markets. Vitale has throughout his career specialised in energy, power and industrial clients. Tillkännagivande • Jan 16
Standard Chartered PLC (LSE:STAN) acquired an unknown minority stake in Apterra Infrastructure Capital LLC from Apollo Global Management, Inc. (NYSE:APO). Standard Chartered PLC (LSE:STAN) acquired an unknown minority stake in Apterra Infrastructure Capital LLC from Apollo Global Management, Inc. (NYSE:APO) on January 14, 2025. As part of the agreement, Standard Chartered PLC and Apollo Clean Transition Capital aim to contribute up to $3 billion for clean energy and transition financing across various asset classes and sectors. Additionally, Standard Chartered PLC will offer a senior secured credit facility to Apollo Clean Transition Capital to support project financing and infrastructure loans.
PJT Partners Limited acted as financial advisor for Standard Chartered PLC.
Standard Chartered PLC (LSE:STAN) completed the acquisition of an unknown minority stake in Apterra Infrastructure Capital LLC from Apollo Global Management, Inc. (NYSE:APO) on January 14, 2025. Tillkännagivande • Dec 11
Standard Chartered plc Announces Board and Committee Changes Standard Chartered PLC announced that David Conner, independent non-executive Director, will retire from the Board and as a member of the Audit, Board Risk and Remuneration Committees with effect from 30 December 2024. Jackie Hunt stepped down from the Culture and Sustainability Committee on 8 December 2024. The Company also announces a number of changes to its Board Committees: Diane Jurgens and Jackie Hunt, both independent non-executive directors, will join the Board Risk Committee with effect from 1 January 2025 and David Tang, independent non-executive director, will step down from the same date. David Tang and Jackie Hunt will join the Remuneration Committee with effect from 1 January 2025. Jackie Hunt stepped down from the Culture and Sustainability Committee on 8 December 2024. Tillkännagivande • Oct 10
Standard Chartered Announces Retirement of Zarin Daruwala, CEO India, Effective April 1, 2025 Standard Chartered announced that its India and South Asia CEO Zarin Daruwala will retire on April 1, 2025, after serving more than eight years in the company. She had joined Standard Chartered in 2016 as Chief Executive Officer, India. Tillkännagivande • Sep 20
Standard Chartered PLC Announces Appointment of Lincoln Leong Kwok-Kuen as Independent Non-Executive Director, Effective 2 November 2024 Standard Chartered PLC announced Mr. Lincoln Leong Kwok-Kuen (aged 63) has been appointed as an independent non-executive director of the Company with effect from 2 November 2024. Lincoln is a Chartered Accountant with experience in commerce and investment banking and a deep understanding of, and connection with, the Hong Kong market. Lincoln is the former Chief Executive Officer of MTR Corporation Limited and has held a range of senior roles within private equity and investment banking including as a partner at Capital Z Asia Limited, Senior Vice President of Investment Banking at Lehman Brothers Asia and head of Corporate Finance at Schroders Asia. In addition to his executive leadership experience, Lincoln has significant board and committee experience as an independent non-executive director of both private and publicly listed companies. He is an independent non-executive director of Standard Chartered (Hong Kong) Limited, China Resources Land Limited and SUNeVision Holdings Ltd, as well as a non-executive director of Hongkong Land Holdings Limited. Lincoln will retire from his position at SUNeVision Holdings Ltd. on 1 November 2024, ahead of joining the Company. Previously Lincoln was a non-executive director of Jardine Strategic Holdings Limited and Mandarin Oriental International Limited and an independent non-executive director of Link Asset Management Limited (manager of the listed Link Real Estate Investment Trust). On appointment, Lincoln will join the Audit Committee. Tillkännagivande • Sep 10
Standard Chartered PLC Appoints New CEOs for its Units in China and Vietnam Standard Chartered PLC announced that Nguyen Thuy Hanh is to take over as CEO of SCB Vietnam from 1 October 2024. The firm had appointed Jean Lu as CEO, China and executive vice chairperson of the board of SCB (China) in late August. Tillkännagivande • Aug 14
Standard Chartered Bank Appoints Aditya Mandloi as Head of Wealth and Retail Banking for India and South Asia Standard Chartered Bank announced the appointment of Aditya Mandloi as the new Head of Wealth and Retail Banking (WRB) for India and South Asia, effective from August 1, 2024. In his new role, Mandloi will oversee the bank's WRB operations in India, Bangladesh, Sri Lanka, and Nepal, working from the bank's Mumbai office. With 27 years of experience at Standard Chartered, Mandloi has held various positions in Product Management, Collections, and Sales, including leading the WRB business in Bangladesh. His most recent role was as Head of SME Banking in India, where he successfully established a sustainable and profitable business. Tillkännagivande • Jul 31
Standard Chartered PLC (LSE:STAN) announces an Equity Buyback for $1,500 million worth of its shares. Standard Chartered PLC (LSE:STAN) announces a share repurchase program. Under the program, the company will repurchase up to $1,500 million worth of its shares. The purpose of the buy-back is to to further reduce the number of ordinary shares in issue by cancelling the repurchased shares. Tillkännagivande • Jul 30
Standard Chartered plc Announces Interim Dividend for the 2024, Payable on 10 October 2024 Standard Chartered PLC announced interim dividend of USD 0.06 per share for the financial year end 31 December 2024. Ex-dividend date is 07 August 2024. Payment date is 10 October 2024. Tillkännagivande • Jul 24
Standard Chartered Appoints Monica Malone as Head of Banks and Broker Dealers for Americas Standard Chartered has appointed Monica Malone as head of banks and broker dealers (BBD) for Americas. She will be working for the Corporate and Investment Bank (CIB) and will be based in New York. She will also be a member of the financial institutions (FI) coverage management team. Tillkännagivande • May 15
Standard Chartered plc Announces Executive Appointments Standard Chartered has hired executives for transaction banking. For its transaction banking needs, the bank has hired former executives from JP Morgan, DBS and Bank of America. Mahesh Kini has been appointed by the bank as global head of cash management, while Mark Troutman has been named as global head of transaction banking corporate sales. Dhiraj Rajan Bajaj has been hired as global head of transaction banking financial institutions sales. Tillkännagivande • May 11
Standard Chartered plc Declares Final Dividend for the Year Ended 31 December 2023 Standard Chartered PLC at its AGM held on 10 May 2024 declared a final dividend of USD 0.21 per ordinary share for the year ended 31 December 2023. Reported Earnings • May 03
First quarter 2024 earnings released: EPS: US$0.47 (vs US$0.41 in 1Q 2023) First quarter 2024 results: EPS: US$0.47 (up from US$0.41 in 1Q 2023). Revenue: US$4.97b (up 9.5% from 1Q 2023). Net income: US$1.40b (up 21% from 1Q 2023). Profit margin: 28% (up from 26% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Banks industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Tillkännagivande • May 03
Standard Chartered Appoints Dalu Ajene as CEO for Nigeria Standard Chartered has appointed a new CEO for Nigeria. The firm has appointed Dalu Ajene to the position. Ajene takes over from Lamin Manjang, vice chair for Africa and acting CEO, who will be retiring from the bank after 25 years of service. Dalu has an extensive background in the banking and finance sector. Tillkännagivande • Apr 03
Standard Chartered PLC Announces Executive Changes Standard Chartered PLC announced the appointment of Torry Berntsen as executive vice-chair for CIB Europe, Americas, the Middle East Africa. Similarly, Steve Cranwell is to lead CIB operations for the United States, Europe and the Americas. Kariuki Ngari will conduct similar operations for Kenya and Africa, while Rola Abu Manneh is to oversee operations in the United Arab Emirates, the Middle East region and Pakistan. The firm also appointed Zarin Daruwala as head of the CIB business in India and South Asia, while Patrick Lee will be overseeing operations in Singapore and the ASEAN hub. Tillkännagivande • Mar 27
Standard Chartered Likely to Sell Entire 7.2% Stake in CDSL Via Block Deals Standard Chartered PLC (LSE:STAN) is likely to exit Central Depository Services (India) Limited (NSEI:CDSL) by selling its entire 7.2% stake in the company through block deals on March 27, 2024, according to media reports. The bank has put 7.5 million shares in a block for sale and the floor price for the same is INR 1,672/share. This is at a discount of over 6% to the current market price of the stock. StanChart seeks at least $151 million through the sale of the holding, reports said. Recent Insider Transactions • Mar 17
Group Chief Executive & Director recently bought UK£1.1m worth of stock On the 11th of March, William Winters bought around 161k shares on-market at roughly UK£6.56 per share. This transaction amounted to 6.1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was William's only on-market trade for the last 12 months. Tillkännagivande • Mar 12
Standard Chartered PLC Announces Management Team Changes Effective 1 April 2024, Standard Chartered PLC has announced changes to its Group management structure to create a simpler and more efficient organisation. This will ensure the right leadership team is in place to reduce complexity and further sharpen the focus on driving strong, sustainably higher returns through each business line. Roberto Hoornweg, currently Global Head, Financial Markets and Sunil Kaushal, currently Regional CEO, Africa & Middle East are appointed Co-Heads of Corporate & Investment Banking (CIB) (previously Corporate, Commercial and Institutional Banking (CCIB)). Simon Cooper will leave the Group to pursue other interests. To ensure clear accountabilities to better drive global priorities through each of the business lines into the markets where they operate, the regional dimension will be removed from the structure. As a result, in addition to co-leading CIB, Roberto will take on responsibility for Europe, Americas, Middle East and Africa markets, based in Dubai; Sunil will take on responsibility for ASEAN and South Asia markets, based in Singapore. Judy Hsu, CEO, Consumer, Private and Business Banking (CPBB) will take on responsibility for Greater China and North Asia markets, after her move to Hong Kong from Singapore, in addition to her ongoing responsibility for CPBB. Ben Hung, currently CEO, Asia, will assume the new role of President, International, focusing on the Group's priority to deliver for its clients across markets, balancing the need to drive global business strategies while maintaining appropriate local focus. Until Judy completes her move to Hong Kong, Ben will continue to oversee GCNA markets. Tanuj Kapilashrami, currently Group Head, Human Resources (HR), will assume a new role of Chief Strategy and Talent Officer. In addition to HR, Tanuj will take on responsibility for Strategy, Corporate Affairs, Brand and Marketing, Supply Chain Management, and Property. Upcoming Dividend • Mar 01
Upcoming dividend of US$0.21 per share Eligible shareholders must have bought the stock before 07 March 2024. Payment date: 17 May 2024. Payout ratio is a comfortable 25% but the company is not cash flow positive. Trailing yield: 3.2%. Lower than top quartile of British dividend payers (6.4%). Lower than average of industry peers (6.9%). New Risk • Feb 25
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 137% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 137% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Feb 25
Full year 2023 earnings released: EPS: US$1.09 (vs US$0.86 in FY 2022) Full year 2023 results: EPS: US$1.09 (up from US$0.86 in FY 2022). Revenue: US$74.4b (up 391% from FY 2022). Net income: US$74.0b (up US$71.5b from FY 2022). Profit margin: 99% (up from 17% in FY 2022). The increase in margin was primarily driven by higher revenue. Revenue is expected to decline by 64% p.a. on average during the next 3 years, while revenues in the Banks industry in the United Kingdom are expected to grow by 3.8%. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Feb 16
Standard Chartered PLC Announces Directorate Changes Standard Chartered PLC announced changes to its Board. Ms. Diane Jurgens (aged 61) has been appointed as an independent non-executive director with effect from 1 March 2024. Diane has significant expertise in driving technology, product development and using technology to transform business operations across the mass media and entertainment, mining, automotive and aerospace sectors. These skills, together with experience leading teams across footprint in Asia, Africa and the Middle East, as well as in Latin America and Europe, will provide additional insights to Board and Committee discussions. Diane was formerly the Executive Vice President and Chief Information Officer for The Walt Disney Company, where she oversaw Disney's global enterprise technology organisation. Between 2015 and 2020, she was Chief Technology Officer of the multinational mining and metals company BHP, during much of which she was based in Singapore. Between 2012 and 2015, Diane was President & Managing Director of an American and Chinese joint venture, Shanghai OnStar Telematics and based in Shanghai. Diane has also held numerous senior executive positions at General Motors, including roles across markets, including nearly ten years in China. Diane is currently a Dean's Advisory Board member at the University of Washington College of Engineering. On appointment, Diane will join Culture and Sustainability Committee. The company also announced that Gay Huey Evans and Carlson Tong, independent non-executive Directors, will retire from the Board. Gay will step down from the Board and as a member of the Board Risk Committee on 29 February 2024, after serving nine years on the Board. Carlson will step down from the Board and as member of the Audit and Board Risk Committees on 9 May 2024, after five years, to focus on developing his portfolio of business interests in Hong Kong. Tillkännagivande • Jan 25
Standard Chartered Appoints Rukshila Seneviratne as Head of Human Resources for Sri Lanka Standard Chartered has announced the appointment of Rukshila Seneviratne as the new Head of Human Resources for Sri Lanka, effective 12thJanuary 2024. In her new role, Rukshila will lead the country's people strategy and will join the bank's Country Management Team. As part of her appointment, she will also assume duties as the Co-Chair of the bank's internal Diversity & Inclusion (D&I) Council. Rukshila's journey with Standard Chartered began in Dubai as an Officer in Consumer Banking Mortgage Operations in May 2008. She later transitioned to Sri Lanka as Manager, Secured Lending and Credit Initiation in March 2010. In June 2013, she assumed a crucial role in the HR team, leading HR Service Delivery. Throughout the past decade, Rukshila has held several senior positions within HR, comprising HR Service Delivery, Performance Rewards and Benefits Delivery, Talent Acquisition, and HR Business Partner for Retail Banking, Risk and Support functions. She holds a Master of Business Administration from the Postgraduate Institute of Management, University of Sri Jayewardenepura, and an Advanced Diploma in Psychology from the Scottish Qualification Authority. Additionally, she is a certified Mental Health First Aider (MHFA, England). Tillkännagivande • Jan 24
Standard Chartered Names Manus Costello as Global Head of Investor Relations, Effective April 2024 Standard Chartered announced that Manus Costello will join the company as Global Head of Investor Relations. Manus has 25 years of experience in equity research, most recently as a founding partner and Global Head of Research at Autonomous. He is expected to start in April 2024, and will report to Diego De Giorgi, Group Chief Financial Officer. Tillkännagivande • Jan 11
Standard Chartered plc Announces Management Changes Standard Chartered has announced the appointment of a head for global subsidiaries coverage. The British firm has announced the appointment of Stella Choe an executive from Citigroup Inc. to the position. She was most recently head of global networking banking at Citigroup Inc. Choe has experience working at JPMorgan, Morgan Stanley and HSBC. She takes over from Saif Malik, who was promoted to Standard Chartered's UK chief executive in March. Tillkännagivande • Jan 05
Standard Chartered Appoints Sidney Wang to Its Private Banking Team in Hong Kong as Managing Director, Market Head, Greater China Standard Chartered has appointed Sidney Wang to its private banking team in Hong Kong as managing director, market head, Greater China. Wang will be based in Hong Kong and report to Peter Tung, regional head, private banking, Greater China and & North Asia for Standard Chartered. He holds over 20 years of banking experience spanning commercial banking, credit & risk management, as well as strategy, of which 15 years were in private banking and wealth management. Joining from HSBC, Wang was an international manager with experience across many part of the globe. Furthermore, he led the launch of the Onshore China Private Banking business for HSBC and was crucial in delivering an international coverage platform for Asian UHNW and family office clients. Tillkännagivande • Dec 22
Standard Chartered PLC Confirms Group Chief Financial Officer Changes Standard Chartered PLC announced that further to the announcement on 31 August 2023 that Diego De Giorgi will succeed Andy Halford as Company’s Group Chief Financial Officer (GCFO), the Company announced that regulatory approvals have been received and Diego will join the Board of the company as GCFO with effect from 3 January 2024. Andy will step down from as GCFO on 2 January 2024 and will continue as a Senior Adviser to the Group until his retirement on 31 August 2024. Tillkännagivande • Dec 21
Standard Chartered PLC Announces Board Changes Standard Chartered PLC announced that Diego De Giorgi will join the Board of Standard Chartered PLC with effect from 3 January 2024. Andy Halford will step down from the Board on 2 January 2024 and will continue as a Senior Adviser to the Group until his retirement on 31 August 2024. Tillkännagivande • Dec 01
Standard Chartered plc Appoints Jamil Choucair as CEO for Iraq Standard Chartered has appointed a CEO for Iraq. Jamil Choucair has been appointed to the position. He has more than 25 years of experience in the Middle East. Standard Chartered has been operating in the nation since 2013. Tillkännagivande • Oct 27
Standard Chartered plc Provides Earnings Guidance for the Year 2023 and 2024 Standard Chartered PLC provided earnings guidance for the year 2023 and 2024. For the year 2023, the company expected Income to increase in the 12-14% range at ccy.For the year 2024, the company expected income growth to be in the 8-10% range at ccy. Reported Earnings • Oct 27
Third quarter 2023 earnings released: US$0.013 loss per share (vs US$0.33 profit in 3Q 2022) Third quarter 2023 results: US$0.013 loss per share (down from US$0.33 profit in 3Q 2022). Revenue: US$3.55b (down 14% from 3Q 2022). Net loss: US$35.0m (down 104% from profit in 3Q 2022). Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Banks industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Oct 21
Standard Chartered Bank Announces Executive Changes Standard Chartered Bank has named recently hired UBS Global Wealth Management star banker Foo Tian Ong as regional head, Southeast Asia and Singapore location head, with Vinay Gandhi set to take on a wider remit. In a reshuffle of its leadership team, previous Singapore private banking boss Gandhi has been appointed global head of South Asian community and regional head of Africa, Middle East and Europe, private banking from 1 January next year. Foo, whose hire was revealed by Citywire Asia last month, will join SCB in December. He was previously the Singapore-based head of Thailand and Philippines at UBS GWM. SCB also hired Mike Tan as global head, wealth planning & family advisory and Fred Leung as head, solutions partners last month to lead its one-bank corporate solutions proposition. The bank additionally rejigged its Southeast team last month after two departures, with Vijai Krovvidi becoming Southeast Asia market head, and also overhauled its non-resident Indian team. Tillkännagivande • Sep 12
Standard Chartered Bank Appoints Mike Tan as Global Head of Wealth Planning & Family Advisory Standard Chartered Bank has recruited Mike Tan from JP Morgan as global head of wealth planning & family advisory. Tan will lead financial planning and family office services for the bank’s ultra-high-net-worth clients across its four wealth advisory hubs of Hong Kong, UAE, Jersey, and Singapore, where he will be based. A 20-year industry veteran, he was latterly a member of JP Morgan’s wealth advisory team in the city-state and has also previously worked in Hong Kong. Tan will report into SCB global head of private & affluent banking Raymond Ang. Tillkännagivande • Sep 05
Standard Chartered Appoints Warren Young as COO for Singapore Standard Chartered has hired Warren Young as COO to lead financial markets in Singapore. Warren Young has been hired to head the operations. He had been with Credit Suisse for 22 years in various operational roles. He was most recently head of investment bank transformation at the Swiss bank. Tillkännagivande • Aug 30
Aircraft Leasing Company signed an agreement to acquire Pembroke Group Limited, Pembroke Aircraft Leasing Holdings Ltd., and Pembroke Aircraft Leasing (Tianjin) Limited for $700 million. Aircraft Leasing Company signed an agreement to acquire Pembroke Group Limited, Pembroke Aircraft Leasing Holdings Ltd., and Pembroke Aircraft Leasing (Tianjin) Limited from Standard Chartered PLC (LSE:STAN) for $700 million on August 28, 2023. AviLease is also funding the repayment of approximately $2.9 billion of net intra-group financing from the Standard Chartered Group. The Intra-Group Loan is subject to adjustment with reference to the amount due at completion. The transaction is expected to close by the end of 2023. J.P. Morgan Securities plc acted as financial advisor to Standard Chartered. Tillkännagivande • Aug 29
PK AirFinance SA agreed to acquire unknown majority stake in Secured aviation loans portfolio of Standard Chartered from Standard Chartered PLC (LSE:STAN). PK AirFinance SA agreed to acquire unknown majority stake in Secured aviation loans portfolio of Standard Chartered from Standard Chartered PLC (LSE:STAN) on August 28, 2023. The sale and transfer of the loans is subject to customary closing conditions and is expected to close year-end 2023.
Mizuho Americas LLC served as Lead Arranger and Advisor for the transaction, while Redding Ridge Asset Management served as Structuring Agent and Milbank LLP served as Lead Counsel. Tillkännagivande • Aug 24
Standard Chartered PLC Provides Earnings Guidance for the Year 2023 Standard Chartered PLC provided earnings guidance for the year 2023. the company is upgrading 2023 guidance: Income to increase in the 12%-14% range at ccy. Buying Opportunity • Aug 22
Now 20% undervalued Over the last 90 days, the stock is up 12%. The fair value is estimated to be UK£8.99, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.4% over the last 3 years. Earnings per share has grown by 46%. For the next 3 years, revenue is forecast to grow by 5.8% per annum. Earnings is also forecast to grow by 11% per annum over the same time period. Upcoming Dividend • Aug 03
Upcoming dividend of US$0.06 per share at 2.1% yield Eligible shareholders must have bought the stock before 10 August 2023. Payment date: 13 October 2023. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of British dividend payers (6.2%). Lower than average of industry peers (5.2%). 
