Richard 55, is retiring from the Group after eight years as Chief Risk Officer. The Group will announce his successor in due course. Richard will stay on until his successor has been appointed, and will leave on the completion of an appropriate hand-over period later in the year. His successor will continue to report to Peter Sands, Group Chief Executive, and the Board Risk Committee.

Richard joined Standard Chartered in 2002 as Chief Operating Officer for the Wholesale Bank, and was appointed Chief Risk Officer in 2006. He is based in London.

Jan, 51, is retiring from the Group after 10 years as Chief Information Officer and Group Head of Technology and Operations. The Group will make an announcement on his successor shortly. Jan will also stay on until his successor has been appointed and will leave on the completion of an appropriate hand-over period. His successor will also continue to report to Peter Sands, Group Chief Executive.

Jan joined Standard Chartered in 2004 and is based in Singapore.

In line with our listing requirements, the Group is also announcing that the day-to-day reporting line of Standard Chartered's Group Corporate Development and Strategy functions will move from Peter Sands, Group Chief Executive, to Andy Halford, Group Finance Director with immediate effect.

Peter Sands, Group Chief Executive, said:

"I'd like to thank Richard and Jan for their leadership and contribution to the Group. I have worked very closely with Richard and Jan for many years and I wish them both well on their retirements.

The intention was that the Group Corporate Development and Strategy functions would report to Andy as soon as he was fully established in his role at Group Finance Director. I'm pleased to announce that now is the right time".