Standard Chartered PLC announced that Mike Rees, Deputy Group Chief Executive has made a decision to retire from the Group after 26 years. He will step down from the Board and his role as Deputy Group Chief Executive on 30 April 2016. He will not seek re-election as a Group Executive Director at the 2016 AGM in May and will leave the Group on 31 December 2016.

Prior to his retirement, Mike will continue to support Bill Winters, Group Chief Executive, Andy Halford, Group Chief Financial Officer and the Management Team, on a comprehensive programme of actions relating to the Group's new strategy.