London, July 02: Standard Chartered will appoint
John Peace, who is at present the acting Chairman of the
global banking major, as its Chairman, says a media report.
"Standard Chartered is set to appoint John Peace, a
boardroom heavyweight known mostly for his retail experience,
as its chairman," The Times said.
The report noted that Standard Chartered may make an
announcement as early as on Thursday.
Peace is already on Standard Chartered's board and has
been acting Chairman since Lord Davies of Abersoch left the
bank in January to join the Government as Trade Minister.
The 60-year-old Peace is also the chairman of Burberry,
the luxury fashion chain, and Experian, the credit-checking
firm, the report said.
His appointment at Standard Chartered would fill one of
the vacant high-profile roles in the financial sector.
The London-listed bank is highly regarded in the city and
in government circles for having avoided the pitfalls of the
financial crisis and it has not taken any financial assistance
from the taxpayer.
The appointment is likely to mean that Peace would not
become chairman of J Sainsbury, another role that he has been
tipped for.
Bureau Report
First Published: Thursday, July 02, 2009, 18:50