Standard Chartered today announced that Tracey McDermott, Group Head of Conduct, Financial Crime and Compliance (CFCC) will retire from the Group on 31 December 2024.
Ms McDermott joined the Group in March 2017 as Group Head of Corporate, Public and Regulatory Affairs. She took on responsibility for Compliance in 2018, and subsequently assumed responsibility for Financial Crime.
David Howes is appointed as Group Head, Compliance, Financial Crime and Conduct Risk (CFCR) from 1 January 2025, subject to regulatory approval. He will report into Sadia Ricke, Group Chief Risk Officer. David brings over 26 years of industry experience to the role and is currently Global Head, Financial Crime Compliance and Compliance Frameworks.
Bill Winters, Group Chief Executive, Standard Chartered, said:
“I would like to thank Tracey for her contribution to the leadership of the Group, her wise counsel on a range of issues and for the way she has led our Conduct, Financial Crime and Compliance function through periods of great change and development. She has brought her prior experience in legal and regulatory affairs to bear on a range of issues for the benefit of the Group and more broadly as part of her work in driving forward the sustainability agenda.
