Standard Chartered Bank AG appoints
Klaus Entenmann to its Supervisory Board
22 July 2019
Frankfurt, 22 July 2019 – Standard Chartered Bank AG has appointed Klaus Entenmann (63) as a new member of its Supervisory Board. Standard Chartered Bank AG was formally established following the granting of a full banking licence in December 2018. The subsidiary will operate as Standard Chartered’s EU hub following the anticipated Brexit at the end of October 2019.
Klaus Entenmann was Chief Executive Officer of Daimler Financial Services AG from 2009 until June 2019 and Chairman of the Supervisory Board of Mercedes-Benz Bank from 2012 until 31st May 2019. He will remain with Daimler Financial Services until his retirement in December 2019, where he continues to focus on strategic projects and the further development of the mobility services portfolio.
Klaus Entenmann joined the Daimler Group in 1988 and has held various top management positions in the group’s services divisions over the past 30 years, among others as Chief Executive Officer and President of Daimler Chrysler Financial Services Americas and Mercedes-Benz Financial Services USA LLC. He started his professional career in the banking sector and holds a masters degree in economics and banking from Bankakademie Stuttgart. Klaus is also a member of the Advisory Council at Allianz Global Corporate & Speciality AG.
Tracy Clarke, Chair of Standard Chartered Bank AG and Regional CEO, Europe and Americas at Standard Chartered, says; “With Klaus Entenmann we have gained a high-profile expert in the financial services industry in Germany as amember of our German Supervisory Board. We look forward to working with Klaus and are confident that with his valuable expertise in transforming a financial service provider into an integrated financial and mobility services company, he will enrich the work of the Supervisory Board.”
Klaus Entenmann comments; “After more than 30 years at the Daimler Group, I am excited to start a new chapter in my professional career. Standard Chartered offers a unique proposition, operating in some of the world’s most dynamic markets, with an incredibly diverse employee and customer base. This is an exciting time to be joining the Supervisory Board and I am looking forward to working with my new colleagues at Standard Chartered Bank AG. I have already had the opportunity to meet a variety of people working at different levels and across the footprint of Standard Chartered, and I have been very impressed bythe bank’s business approach and the expertise of the team working with Heinz Hilger in Frankfurt.”
Heinz Hilger, CEO of Standard Chartered Bank AG adds; “We are delighted that Klaus Entenmann has joined our Supervisory Board. Standard Chartered Bank AG will be the catalyst for a more dynamic client-focused proposition and will increase our reach and support the growth of our business in Germany and throughout the European Economic Area (EEA).”
Following the appointment of Klaus Entenmann, the Supervisory Board of Standard Chartered Bank AG is comprised of: Tracy Clarke (Chair), Klaus Entenmann, and Stephen Sheridan (Regional COO, Europe and Americas, Standard Chartered).
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