Standard Chartered appoints David Proctor Chief Executive UAE and Oman

Standard Chartered, one of the world's leading international banks, has appointed David Proctor as the new Chief Executive Officer for UAE and Oman.

United Arab Emirates: Sunday, March 26 - 2006 at 11:17
PRESS RELEASE

David Proctor.

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Proctor arrives in the Emirates fresh from his post as CEO of UK/Europe to take over from Ray Ferguson, who has moved to New York to become the Bank's CEO for the Americas. Prior to his role in the UAE, Proctor had governance responsibility for Standard Chartered's 1,100 staff across its UK and European network.

'The UAE is a top 5 market for the Group,' said Proctor. 'Ray Ferguson and his team have done a tremendous job in the last three years to raise the profile of the Bank in this region. My job will be to help take Standard Chartered to the next stage'.

Proctor explained that the UAE economy has created an ideal platform for the Bank's businesses to grow. He said: 'All products and portfolios have the chance to develop in this market'.

'With our new corporate building in the Dubai International Financial Centre, there will be a wide range of opportunities for us to grow our businesses in the UAE as well as in the Middle East, South Asia and North Africa region,'

he added.

Proctor, a graduate from Cambridge University's Peterhouse College, has previously served as the Bank's Group Head of Risk Strategy and Group Head of Global Clients based in Singapore. His wealth of experience in Europe and Asia is now brought to bear in the UAE.

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For further information please contact:
Niall McLoughlin
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Tel: +971 (0) 4 5070467
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Standard Chartered - leading the way in Asia, Africa and the Middle East

Standard Chartered PLC is listed on both the London Stock Exchange and the Stock Exchange of Hong Kong and is ranked in the top 25 among FTSE-100 companies, by market capitalisation.

Standard Chartered has a history of over 150 years in banking and is in many of the world's fastest growing markets. It has an extensive global network of over 1,200 branches (including subsidiaries, associates and joint ventures) in 56 countries in the Asia Pacific Region, South Asia, the Middle East, Africa, the United Kingdom and the Americas. As one of the world's most international banks, Standard Chartered employs over 44,000 people, representing 89 nationalities, worldwide.

Serving both Consumer and Wholesale Banking customers, the Bank combines deep local knowledge with global capability to offer a wide range of innovative products and services as well as award winning solutions.

Standard Chartered is committed to be the Right Partner to all our stakeholders by living its values in its approach to managing its people, exceeding expectations of its customers, making a difference in the communities that we operate in and working with its regulators. The Bank is trusted across its network for its standard of governance and corporate responsibility.

Posted by Anne-Birte Stensgaard, Senior News Editor
Sunday, March 26 - 2006 at 11:17 UAE local time (GMT+4)

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This Article was updated on Sunday, January 14 - 2007

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