Frankfurt, 5 October 2021 – Frankfurt-based Standard Chartered Bank AG has appointed Michael Spiegel as a member of the Supervisory Board effective from October 1st, 2021. Standard Chartered Bank AG was formally established following the granting of a full banking licence in December 2018 and operates as Standard Chartered’s EU hub.
Michael Spiegel is Global Head of Transaction Banking at Standard Chartered. Based in Singapore, he joined the bank in early 2020, having previously held roles at Deutsche Bank for over 30 years. During this time, Michael held senior positions in Europe, the US and Asia, including Global Head of Trade Finance and Corporate Cash Management and Head of Transaction Banking.
“We are delighted to welcome Michael to the Supervisory Board.” said Torry Berntsen, CEO Europe and Americas and Chairman of the Supervisory Board. “Our European business provides a centre of expertise for the Bank’s major product groups including transaction banking. This enables us to meet our clients’ growing needs and to connect them with the Bank’s unique network in Asia, Africa and the Middle East.”
Heinz Hilger, CEO of Standard Chartered Bank AG, added: “We are very much looking forward to working with Michael in his new capacity as a member of the Supervisory Board. With his longstanding international expertise in transaction banking, Michael is an excellent addition to the Board of our European subsidiary as we continue to develop our business to support our clients’ needs.”
Following the appointment, the Supervisory Board of Standard Chartered Bank AG is now comprised of: Torry Berntsen (Chairman), Klaus Entenmann (Independent Non-Executive Director), Peter Burrill (Group Head, Central Finance and Deputy CFO, Standard Chartered), Tracey McDermott (Group Head Conduct, Financial Crime and Compliance, Standard Chartered) and Michael Spiegel (Group Head Transaction Banking, Standard Chartered).
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