Standard Chartered has announced the appointment of Jason Forrester as its new Group Chief Risk Officer, pending regulatory approval. Forrester will be based in London and will report directly to Group Chief Executive Bill Winters. He will also join the Group’s Management Team.
Forrester has been with Standard Chartered for five years, most recently serving as Co-Head, Chief Risk Officer for Corporate & Investment Banking. Before joining Standard Chartered, he spent 21 years at Credit Suisse in various senior risk and finance management roles across America, Europe, and Asia. His background includes experience managing both financial and non-financial risks as well as working closely with clients.
He succeeds Sadia Ricke, who is leaving the Group after a transition period designed to ensure an orderly handover. Ricke is expected to depart at the end of this year but will remain on the Standard Chartered Bank US Risk Committee as a non-executive director, subject to regulatory approval.
Bill Winters commented on the appointment: “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.”