4 May 2021, Frankfurt – Standard Chartered Bank AG has appointed Tracey McDermott CBE as a new member of its Supervisory Board and Caroline Eber-Ittel as a member of its Management Board. Both appointments are effective 1 May 2021.
Tracey McDermott has been with Standard Chartered (the Bank) since March 2017, originally as Group Head of Corporate, Public and Regulatory Affairs subsequently adding Brand and Marketing to her portfolio in December 2017 and Compliance in March 2018. She is currently the Group Head Conduct, Financial Crime and Compliance (since January 2019).
Prior to joining the bank, Tracey served as Acting Chief Executive of the Financial Conduct Authority (FCA) from September 2015 to June 2016. She joined the then Financial Services Authority (FSA) in 2001 where she held a number of senior roles, including: Director of Supervision and Authorisations, and Director of Enforcement and Financial Crime. Tracey also served as a Board Member of the FSA from April 2013, as a member of the Financial Policy Committee of the Bank of England, and as Non-Executive Director of the Prudential Regulatory Authority (PRA) from September 2015 to June 2016. Prior to the FCA, Tracey worked as a lawyer in private practice, having spent time in law firms in the UK, USA and Brussels. In 2016, Tracey received a CBE (Commander of the Order of the British Empire) for her services to financial service consumers and markets.
Caroline Eber-Ittel is CEO France & Head of Global Banking France & Southern Europe, having joined the bank in August 2013. Based in Paris, Caroline is responsible for expanding the Bank’s client relationships with Corporates and Financial Institutions. She started her career at HVB, working in the corporate development department prior to joining Deutsche Bank, undertaking different roles in risk management, financing and client coverage. Caroline was Managing Director, Head of Corporate Banking for Deutsche Bank France from 2009.
Commenting on the appointments, Torry Berntsen, CEO, Europe and Americas, and Chairman of the Supervisory Board: “It’s an honour to be able to welcome Tracey and Caroline to the Supervisory and Management Boards, respectively. Individually and collectively they bring with them an immeasurable amount of experience and expertise that will no doubt be invaluable as our European business continues to grow and thrive, connecting our clients and enabling them to do business across the Bank’s network.”
Heinz Hilger, CEO of Standard Chartered Bank AG, added: “At Standard Chartered Bank AG we have a real opportunity. As an integral part of Standard Chartered, we have a strategy to deliver for our clients and the Bank and I look forward to working with Tracey and Caroline to achieve and exceed these goals.”
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. Following the appointment, the Supervisory Board of Standard Chartered Bank AG is now comprised of: Torry Berntsen (Chair), Klaus Entenmann (Independent Non-Executive Director), Peter Burrill (Group Head, Central Finance and Deputy CFO, Standard Chartered Bank), and Tracey McDermott (Group Head Conduct, Financial Crime and Compliance, Standard Chartered).
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