Standard Chartered has appointed Jason Forrester as its next Group Chief Risk Officer (CRO), pending regulatory approval.

Forrester, who joined the bank five years ago, currently serves as Co-Head, Chief Risk Officer for Corporate & Investment Banking.

He will be based in London, report directly to Group Chief Executive Bill Winters, and join the Group’s Management Team.

Forrester previously spent 21 years at Credit Suisse in senior risk and finance roles across the US, Europe, and Asia.

He brings extensive experience in financial and non-financial risk, along with deep client expertise.

He will replace Sadia Ricke, who has decided to leave the group.

She is expected to step down at the end of the year following a transition period to ensure an orderly handover.

Ricke will remain on the Standard Chartered Bank US Risk Committee as a non-executive director, subject to regulatory approval.

Bill Winters, Group Chief Executive, said,

“Jason’s appointment illustrates both our bench strength and quality of succession planning. His time spent with Standard Chartered means that he already possesses a thorough knowledge of our business and footprint markets and shares our commitment to executing on our strategy and driving sustainable growth.

At the same time, I would like to thank Sadia for her significant contributions in driving a client focused, risk aware approach, and navigating a complex and uncertain external environment. She has also been a passionate champion in promoting our diverse and inclusive culture.”

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