Standard Chartered Appoints Phil Rivett to Board of Directors

Standard Chartered has appointed Phil Rivett to its Board of Directors, the firm announced this week.

He is set to join the board on May 6, 2020, and will also be part of the company’s audit and board risk committees.

Rivett brings with him more than 40 years’ experience in a number of senior positions at PricewaterhouseCoopers (PWC).

He joined PWC as a graduate trainee accountant in 1976 and became a partner in 1986, spending 30 years in his role.

He was also appointed chairman of the firm’s Global Financial Services Group in 2011.

Rivett was the lead relationship partner for several large FTSE 100 companies, including a number of banks and financial services institutions.

He retired from PWC in 2018 and is currently an independent non-executive director of Nationwide Building Society in London.

Rivett will replace Louis Cheung, who was a non-executive director on the board since 2013. He decided to step down from the board and will retire on March 25, 2020.

“Phil has more than 40 years of professional accountancy and audit experience, specifically focused in the financial sector. He has a significant understanding of the risk factors affecting the global financial services industry and has an in-depth understanding of the regulatory landscape, as well as experience of operating across many of our markets. I am delighted to welcome Phil to Standard Chartered and look forward to his contribution in our Board and Committee discussions. On behalf of the Board I would like to thank Louis Cheung for his important contributions to the Group over the past seven years, as well as his considerable insights into Asia, particularly Hong Kong. We wish Louis Cheung all the very best for his future,” says Jose Vinals, Group Chairman at Standard Chartered.