Standard Chartered Bank Appoints Senior Manager Financial Risk and Controls

Shaikha Tareef to manage Financial Risk and Controls at the Bank in Bahrain

Bahrain, Manama 20 February 2013 - Standard Chartered Bank appointed Shaikha Tareef as Senior Manager of Financial Risk and Controls unit in its Bahrain office. Shaikha was previously Manager at KPMG Fakhro's Audit Department (Bahrain) as well as working with the firm's banking sector in London. Shaikha is a Chartered Certified Accountant (ACCA). She will be responsible for the Bank's adherence to the Standard Chartered Bank Group Risk Management Framework and managing adherence to finance operational risk.

Commenting on the appointment, Hassan Amin Jarrar, Chief Executive Officer of Standard Chartered Bahrain said:

"We are delighted to have Shaikha as part of the Standard Chartered Bank team. As a senior Bahraini, she is well in place as a local expert within an international organisation. Being the first bank in the Kingdom with an active presence for over 90 years, we are committed to hire and develop Bahrainis who make up 70% of the Bank's labour force. I welcome Shaikha and wish her success in her new assignment."

Daren Warner, Bahrain's Chief Financial Officer said,

"Shaikha's strong experience in the Banking sector as well as Audit will ensure we continue to strengthen our franchise in Bahrain. In today's financial arena, it is paramount that the Bank has the right organisational structure to manage the control framework and therefore I am delighted with Shaikha's appointment."

Shaikha will report to Daren Warner, Chief Financial Officer, Bahrain.

For further information, please contact:

Noora Al Nusuf
Head of Corporate Affairs
Standard Chartered Bahrain
Mobile: 0097317150760
E-mail: noora.alnusuf@sc.com

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