New CEO Bill Winters has calibrated and tightened the management structure at Standard Chartered Bank and yesterday the bank announced the appointment of Mark Smith as its new Group Chief Risk Officer. He will join the Bank in January 2016, and will be based in London.
In his new role, Smith will be responsible for managing Credit, Market, and Operational Risk across the Group. He will report directly to Group Chief Executive Officer Bill Winters as a member of the Bank’s recently announced Management Team. Pam Walkden will continue as interim Group Chief Risk Officer until Mark Smith joins the Bank.
Smith joins Standard Chartered from HSBC Bank plc, where he is currently Chief Risk Officer Europe, Middle East and Africa and Global Head, Wholesale Credit and Traded Risk. He has enjoyed a long and successful career at HSBC, having joined Midland Bank as a graduate trainee in 1982 prior to its acquisition by HSBC. He has also served as Chief Operating Officer, Global Corporate and Institutional Banking, and held roles in London and Hong Kong.
Bill Winters, Chief Executive Officer of Standard Chartered, said, “Mark is a highly capable individual who brings with him a wealth of experience from his previous roles, bolstered by a deep understanding of our footprint. I and the rest of our Management Team look forward to working closely with Mark as he leads our Global Risk Function at this important time for the Bank.”
