Standard Chartered announces new Regional CEO and Vice-Chairman for Africa

London, 5th May 2011

Standard Chartered has appointed Diana Layfield as Regional Chief Executive Officer, Africa, with effect from 22 June 2011. Diana succeeds Mike Hart, who becomes Vice Chairman for the Bank's operations in Africa.

Diana will be responsible for driving the Bank's business and brand across Africa. Currently Group Head of Strategy and Corporate Development, Diana has previously held senior management roles in the Bank as Chief Operating Officer for Wholesale Banking and as Group Head, Global Corporates.

Mike has led Standard Chartered's franchise in Africa since 2006, delivering record results while growing our business, and has also been an active proponent of the Bank's community programmes across Africa. Mike has held numerous senior positions in the Bank, including Group Head of Audit and Group Head of Operations. He will continue to work very closely with the Bank's franchise in Africa in his new non-executive role.

V. Shankar, CEO, Europe, Middle East, Africa and Americas, said:

"Diana and Mike's appointments will ensure Standard Chartered continues to be Africa's leading international bank, strengthening still further our 150 year old commitment to the continent. This is a hugely exciting time for our fast growing business in Africa. Diana and Mike will ensure we are well placed to take advantage of the many opportunities we see, including from deepening economic and trade relationships with Asia."

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Note to editors:

Diana Layfield

Diana Layfield has been Group Head of Strategy and Corporate Development - acquisitions, alliances, mergers and disposals - since 2009, with global responsibility across Standard Chartered's businesses, products and geographies for Group Strategy, working closely with the Group CEO, CFO and Board. Diana has held a number of senior management roles since joining the Bank in 2004, including Chief Operating Officer for Wholesale Banking and as Group Head, Global Corporates.

Prior to joining Standard Chartered, Diana was CEO of Finexia Ltd, a technology company providing outsourced services and software for the commercial finance industry, between 2000 and 2004. Diana also worked for McKinsey & Co (1995-2000), as well as piloting relief planes for the International Committee of the Red Cross / UN in Africa (1998-99). She was educated at the University of Oxford and Harvard University.

Mike Hart

Mike Hart has been Regional Chief Executive Officer, Africa, since 2006. His previous role was General Manager, East Africa and Chief Executive Officer, Kenya. Mike joined Standard Chartered in 1988 and has held numerous senior positions in Singapore, the UK, Hong Kong, East Africa and Dubai. His recent senior posts include Group Head of Audit and Group Head of Operations, leading the transformation of operational risk processes and other strategic programmes and business re-engineering.

After 23 years of dedicated service at Standard Chartered, Mike has taken the decision to step down from his executive responsibilities, but will continue to work very closely with the Bank's franchise in Africa in his new non-executive role.

About Standard Chartered

Standard Chartered PLC is a leading international bank, listed on the London, Hong Kong and Mumbai stock exchanges. It has operated for over 150 years in some of the world's most dynamic markets and earns more than 90 per cent of its income and profits in Asia, Africa and the Middle East. This geographic focus and commitment to developing deep relationships with clients and customers has driven the Bank's growth in recent years.

With 1,700 offices in 70 markets, Standard Chartered offers exciting and challenging international career opportunities for around 85,000 staff. It is committed to building a sustainable business over the long term and is trusted worldwide for upholding high standards of corporate governance, social responsibility, environmental protection and employee diversity. The Bank's heritage and values are expressed in its brand promise, 'Here for good'.

About Standard Chartered Africa

Standard Chartered has operated in Africa for over 147 years and the region remains a core part of the Bank's Group Strategic Intent. Standard Chartered Bank has over 160 branches in 14 African countries and over 6,000 staff. Standard Chartered Africa is a highly respected, well established "household name", with deep-rooted local knowledge and experience. The Bank also has a unique international footprint which enables it to facilitate the growth of international trade corridors between Africa and the rest of the world. And with world-class suites of products, services, distribution channels and systems, the Bank provides customers with increasingly sophisticated and pioneering banking services - unrivalled in Africa.

Standard Chartered in South Africa - The Bank's history in South Africa dates back to 1862 from a previous shareholding in Standard Bank of British South Africa. Having divested in 1987, the Bank returned to the country as a representative office, before acquiring a full service banking licence in July 2003. Today, Standard Chartered South Africa is focused on its successful Wholesale (Corporate) Banking strategy, leveraging the Bank's international footprint and expertise to offer SA corporates and multinationals unparalleled support in cross-border capital, investment opportunities, assistance with expansion into new markets and facilitation of strategic partnerships. In addition to the Bank's lending and financial markets capabilities, the Johannesburg Branch offering expands regionally to include Agricultural Finance, Project & Export Finance (Infrastructure, Metals & Mining, Telecoms etc), Private Equity, Transaction Banking and Capital Markets.

For more information on Standard Chartered, please visit

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