Sale of Private Equity portfolio completed

London. Standard Chartered PLC has completed the previously announced sale of the majority of its private equity investment portfolio to Intermediate Capital Group’s Strategic Equity funds.

Affirma Capital, a newly formed, independent private equity firm owned and operated by former members of the management team of Standard Chartered Private Equity, now manages the portfolio and related investment activities.

The portfolio comprises private equity investments in approximately 35 companies across Southeast Asia, India, China, South Korea, the Middle East and Africa.

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For further information please contact:

Shaun Gamble

Executive Director, Group Media Relations

Tel: +44 20 7885 5934

Email: shaun.gamble@sc.com

 

Mark Stride

Head of Investor Relations

Tel: +44 20 7885 8596

Email: mark.stride@sc.com

Standard Chartered

We are a leading international banking group, with a presence in 60 of the world’s most dynamic markets, and serving clients in a further 85. Our purpose is to drive commerce and prosperity through our unique diversity, and our heritage and values are expressed in our brand promise, Here for good.

Standard Chartered PLC is listed on the London and Hong Kong Stock Exchanges as well as the Bombay and National Stock Exchanges in India.

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