Standard Chartered PLC “the Group”, is pleased to announce the appointment of Tracey McDermott CBE, as Group Head, Corporate, Public and Regulatory Affairs, with effect from March 20th, 2017. Based in London, Tracey will report into Bill Winters, Group Chief Executive, and will join Standard Chartered’s global Management Team.
Tracey was formerly the Acting Chief Executive of the Financial Conduct Authority from September 2015 until June 2016. Prior to this she held a number of senior roles at the FCA with responsibility for the conduct regulation of the UK’s Financial Services sector, including Director, Supervision and Authorisations, and Director, Enforcement and Financial Crime, and was also a member of the board of the FCA from April 2013. She was a member of the Financial Policy Committee of the Bank of England, and a Non-Executive Director of the PRA from September 2015 until June 2016.
In her new role, Tracey will be responsible for Standard Chartered’s global Public Affairs, Sustainability and Communications operations. She will work closely with Bill Winters and José Viñals, Group Chairman, in strengthening the Group’s core regulatory relationships, and with Mark Smith, Group Chief Risk Officer, on managing the Group’s reputational risk.
Steve Atkinson, currently Group Head of Corporate Affairs, will take up a new role as Bill Winters’ Chief of Staff with effect from March 20th 2017.
Commenting on Tracey’s appointment, Bill Winters said: “Tracey has played a critical role in shaping and changing behaviours in the UK financial sector. Her strong leadership skills, together with a combined experience of bank supervision, regulation and policy development is outstanding, and she will play a critical role in further enhancing our relationships with regulators and policy makers. Tracey is a great addition to our Management Team.”
Tracey McDermott said: "Standard Chartered operates in some of the most exciting and dynamic markets in the world. The opportunity to join the bank at this critical point in its history, and in a time of global change, is one which was too good to miss. I am looking forward to working with Bill and the team to help continue the Group’s transformation."
For further information please contact:
Jon Tracey, Media +44 207885 7613
Mark Stride, Investors +44 207885 8596