London – Standard Chartered (the Group) today announced that Alison McFadyen, Group Head of Internal Audit, and David Fein, Group General Counsel, will be retiring. Alison will retire on 31 March 2022. David retires at the end of this year. They will remain with the Group in an advisory capacity throughout 2022, with Alison continuing as a member of the Standard Chartered Bank (UK) Board and David representing the Group in some public-private partnerships and other initiatives to fight financial crime.
Alison joined Standard Chartered in 1999 and has held several senior leadership roles including Chief Executive Officer, Jersey. She has been Group Head of Internal Audit since January 2016 and prior to this role was responsible for the Supervisory Remediation Programme in New York.
Alison Chairs the Futuremakers Steering Committee, which promotes education, employability and entrepreneurship through four programmes: Goal, Youth to Work, Entrepreneurs for Growth and Women in Technology incubators. Alison is on the board of the Orchestra of the Age of Enlightenment Trust.
Since joining as Standard Chartered’s first Group General Counsel eight years ago, David has developed and led the Group Legal, Corporate Secretariat and Shared Investigative Services functions, building a strong and diverse team and leading a functions-wide initiative on inclusive leadership.
Under his leadership, the Group successfully resolved historical investigations into financial crime compliance, completed its Deferred Prosecution Agreements, and established positive and meaningful relationships with government, industry, and other leaders and stakeholders in our communities. David chaired Seeing is Believing, the Group’s global philanthropic initiative through which the Group raised USD 100 million to combat avoidable blindness.
David is Chair of the United for Wildlife Financial Taskforce, a global network of financial institutions and public and civil society partners working together to reveal, disrupt and prevent illegal wildlife trafficking.
Bill Winters, Standard Chartered Group Chief Executive, said: “Alison and David have played important roles in our management team and as advisors to the board, making Standard Chartered a stronger and safer bank. I would like to thank them for their many contributions. I look forward to continuing to work with them as they represent the Group in new ways in 2022.
We are well advanced in the process of selecting suitable candidates and expect to make announcements soon.”
Julie Gibson, Group Media Relations