Standard Chartered appoints new CEO for Bahrain

Hassan Jarrar will focus on Standard Chartered Bahrain business growth and momentum

Wednesday, 29 November 2011, Manama, Bahrain - Standard Chartered Bank today announced the appointment of Hassan Jarrar its new Chief Executive Officer for Bahrain. Prior to his appointment, Hassan was the Head of Origination and Client Coverage, wholesale banking at Standard Chartered Bank's UAE office.

Hassan Jarrar said,"We have demonstrated our ability to support the growth of Bahrain and we will continue to strengthen and grow in this market. 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, and we will continue to bring best-in-class products and solutions to our customers and clients to support our vision of becoming the leading international bank in the Kingdom."

Christos Papadopoulos, Regional CEO for the Middle East, North Africa and Pakistan (MENAP) at Standard Chartered, said of Hassan's appointment, "Standard Chartered has been an integral part of many markets in the MENA region for over 90 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.

"Hassan's experience in the Middle East 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."

Hassan, an experienced d Banker with over 27 years in the financial industry, joined Standard Chartered Bank in 2007. He has held a number of senior positions in the USA and the UAE including roles at Abu Dhabi Commercial Bank, Mashreq Bank, Bank of America and Security Pacific Bank.

For further information, please contact:

Nimmi Kamal
Head Corporate Affairs Bahrain, Standard Chartered Bank
Tel: +973 3977 0760
E-mail: Nimmi.Kamal@sc.com

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

Standard Chartered PLC is a leading international bank, listed on the London, Hong Kong and Mumbai stock exchanges. It has operated for over 150 years in some of the world's most dynamic markets and earns around 90 per cent of its income and profits in Asia, Africa and the Middle East. This geographic focus and commitment to developing deep relationships with clients and customers has driven the Bank's growth in recent years.

With 1,700 offices in 70 markets, Standard Chartered offers exciting and challenging international career opportunities for more than 80,000 staff. It 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. The Bank's heritage and values are expressed in its brand promise, 'Here for good'.

For more information on Standard Chartered, please visit: www.standardchartered.com