British banking major Standard Chartered Plc appointed former SBI chairman O P Bhatt as board member. The appointment of 61-year old Bhatt, as an independent non-executive director, would be effective from January 1, 2013.
“Bhatt is a career banker with over 30 years banking experience and retired as Chairman of the State Bank Group in 2011,” StanChart said in a statement.
State Bank Group includes SBI, India’s largest commercial bank and five associate banks.
He is among the four new independent non-executive directors appointed by StanChart as part of efforts to enhance the experience, depth and diversity of its board.
The three other new directors are Lars Henrik Thunell, Margaret Ewing and Louis Chi-Yan Cheung. The appointments of Thunell and Ewing would be effective from November 1, 2012, that of Bhatt and Cheung would be from January 1, 2013. Bhatt had also headed the Indian Bank’s Association.