Standard Chartered Bank appoints new Chief Executive Officer

Jonathan Morris to strengthen Standard Chartered Bahrain business growth and momentum

Monday 30 June 2008, Manama, Bahrain- Standard Chartered Bank Bahrain announced the appointment of Jonathan Morris as the Chief Executive Officer. Prior to his appointment, Jonathan was the Regional Head of Origination & Client Coverage, Africa Region Standard Chartered Bank.

Chief Executive Officer Bahrain, Jonathan Morris said:

"We have demonstrated our ability to support the growth of Bahrain and we will continue to strengthen, and grow our business in this market. We believe that Standard Chartered Bank is the Right Partner to its customers and that our service excellence will continue to be a key differentiator. "

"Bahrain is expected to see sustained economic growth and strengthen its position within the region against the backdrop of strong government policies. We will continue to bring best-in-class products and solutions to our clients to support our vision of becoming the leading international bank in the region. We already have a highly talented and diverse team of people, and a culture that combines performance excellence with a strong set of shared values." Jonathan added.

On Jonathan's appointment, Regional CEO for Middle East and North Africa (MENA), Shayne Nelson said:

"Standard Chartered has been an integral part of many markets in the MENA region for 88 years. As the first bank in Bahrain, we are privileged to be the economic partner to the country since 1920. As a bank, we have made significant strides in our journey towards the Bank's aspirations on scale and competitive positioning. We have built a sound business platform in the country and will continue to demonstrate our leadership positioning in core areas of Asia, Africa and the Middle East.

"Jonathan's experience across our key markets coupled with his solid track record as a Wholesale banker will further reinforce our aim to build Bahrain as one of the gateways to the region while positioning Bahrain's unique proposition to the wider markets," Shayne added.

Jonathan joined Standard Chartered Bank in 2000 and has held a number of senior positions in USA, Europe, UAE and Africa. Before his appointment as Regional Head Origination & Client Coverage Africa early this year, he was the Head of Corporate & Institutional banking, UAE & Oman and Regional Head Corporate & Institutional Banking, Europe. He holds Bsc (Hons) Banking and Finance degree from Loughborough University, United Kingdom.

For further information, please contact:

Nimmi Kamal
Head Corporate Affairs Bahrain, Standard Chartered Bank
Tel: +973 3977 076
E-mail: Nimmi.Kamal@sc.com

Notes to Editors

Standard Chartered - leading the way in Asia, Africa and the Middle East

Standard Chartered PLC, listed on both the London Stock Exchange and the Hong Kong Stock Exchange, ranks among the top 25 companies in the FTSE-100 by market capitalisation. The London-headquartered group has operated for over 150 years in some of the world's most dynamic markets, leading the way in Asia, Africa and the Middle East. Its income and the number of employees have more than doubled over the last five years primarily as a result of organic growth and supplemented by acquisitions.

Standard Chartered aspires to be the best international bank in its markets through leading by example to be the right partner for its stakeholders. The group now employs 73,000 people, representing 115 nationalities, in more than 1,700 branches and outlets located in over 70 countries. The bank derives more than 90 per cent of its operating income and profits from Asia, Africa and the Middle East, with balanced income derived from both Wholesale and Consumer Banking.

The group is committed to building a sustainable business over the long term and is trusted worldwide for upholding high standards of corporate governance, social responsibility, environmental protection and employee diversity. For more information, please visit: www.standardchartered.com