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Standard Chartered PLC is a British multinational bank with operations in consumer, corporate and investment banking, and treasury services. Despite being headquartered in the United Kingdom, it does not conduct retail banking in the UK, and around 90% of its profits come from Asia, Africa, and the Middle East.
In February 2015, it was announced that Winters would replace Peter Sands as CEO of Standard Chartered in June 2015. [13] Since he joined Standard Chartered, the share price has fallen, as has that of peer HSBC. Standard Chartered's executive pensions attracted some investor criticism in 2019, and some 36% of votes cast at StanChart's annual ...
Standard Chartered Bank had sold its shares in Standard Bank of South Africa to the bank's existing shareholders in 1987 to escape anti-apartheid sanctions against South Africa. In 2000, ANZ sold its Grindlays subsidiary to Standard Chartered for US$1.3 (A$2.2) billion in cash, [8] which merged it with its existing banking operations.
In 1969 the Standard Bank Investment Corporation (now Standard Bank Group) was established as the holding company of the South African bank. During the 1970s and 1980s Standard Chartered gradually reduced its shareholding, and sold its remaining 39% stake in Standard Bank Group in 1987, transferring complete ownership of the holding company to ...
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Davies started his career in banking at Midland Bank where his father was a bank manager, before moving to Citibank where is worked for 10 years, and then to Standard Chartered in 1993. [ 8 ] [ 9 ] Davies was Chairman of Standard Chartered PLC between November 2006 and January 2009, having been Chief executive between 2001 and 2006 and a ...
Meddings trained as a chartered accountant with Price Waterhouse. [2] He then worked for Hill Samuel and BZW, before becoming FD of Woolwich plc in 1999. [3] He was a board member of Standard Chartered for 11 years and its finance director for seven years. During this period he was named Blue Chip FD of the Year in the 2009 Accountancy Age ...
Even though the FTSE All-Share Index is more comprehensive, the FTSE 100 is by far the most widely used UK stock market indicator. Other related indices are the FTSE 250 Index (which includes the next largest 250 companies after the FTSE 100), the FTSE 350 Index (which is the aggregation of the FTSE 100 and 250), FTSE SmallCap Index and the ...