Finance Feeds logo

Standard Chartered appoints David Tang as independent non-exec director to its Board

Maria Nikolova

David Tang will also join the Company’s Brand, Values and Conduct Committee.

Standard Chartered PLC (LON:STAN) today announces the appointment of David Tang as an independent non-executive director, effective June 12, 2019. He will also join the Company’s Brand, Values and Conduct Committee.

David Tang, who is based in Beijing, China, has over 30 years of international and Chinese operational experience in the technology and venture capital industries, covering investments, sales, marketing, business development, research & development and manufacturing. At present, he is the Managing Director and Partner of NGP Capital in Beijing, managing investments in several technology startup and emerging technology companies.

Before joining NGP Capital, David Tang was the Corporate Senior Vice President and President of AMD (Advanced Micro Devices), Greater China. From 2004 to 2010, he held various positions within Nokia, including Chairman of Nokia Telecommunications Ltd and Vice Chairman of Nokia (China) Investment Co. Ltd. He has also served as Vice President of the European Union Chamber of Commerce in China, Vice Chairman of the China Association of Enterprises with Foreign Investments, and Vice Chairman of the Beijing International Chamber of Commerce.

David Tang is a non-executive director of Kingsoft Corporation Limited, a Chinese software and Internet services company, listed on the Hong Kong Stock Exchange and a non-executive director of YY Inc. a leading live streaming social media platform in China, listed on the Nasdaq.

He has a Bachelor of Science degree in Computer Science and Engineering from California State University at Long Beach and a MBA from California State University at Fullerton.

The independent non-executive directors do not participate in any of Standard Chartered’s incentive arrangements. David Tang will receive a fee of GBP105,000 per year for his services as an independent non-executive director, with an additional fee of GBP30,000 per year as a member of the Brand, Values and Conduct Committee.

Subscribe

Read this next

Digital Assets

Celsius to repay +70% of custody account holders’ claims

A New York bankruptcy judge today approved a deal struck between troubled crypto lender Celsius Network and its “custody account holders” that will allow them to begin immediate withdrawals of 72.5% of their claims.

Retail FX

eToro revenue halves in 2022, valuation drops to $3.5 billion

Israeli social trading network eToro today reported financial results for the financial year ended December 31, 2022.

Uncategorized

Investors transfers $424 million out of bitcoin funds in six weeks

Despite bitcoin’s decent surge last week, which took the primary cryptocurrency up 70% from the year’s low, digital asset investment products saw outflows for the 6th consecutive week.

Digital Assets

OKX has $9 billion in ‘clean assets’, shows latest proof of reserves

OKX, formerly known as OKEx, has released its fifth proof-of-reserves report amid increasing demand of crypto investors asking for transparency from exchanges they trade with.

Digital Assets

Circle seeks France license to launch Euro stablecoin

Circle, the issuer of the second-largest stablecoin by market capitalization, is seeking to get a dual registration in France as it aims to on-shore its flagship product for the European market – EUROC – a reserve-backed stablecoin.

Digital Assets

CryptoWallet.com Among Minority of Successful Companies to Renew Coveted Estonian License

CryptoWallet.com has successfully renewed its virtual currency service license from Estonia’s FIU for the third year in a row, despite regulatory changes that have made it harder for virtual asset providers to meet the required standards.

Inside View, Institutional FX

Time for brokers to add options trading as volumes explode on high volatility

“Usually, adding options to the typical CFDs and equities offering leads to fragmentation of the platform technology as many brokers will need additional back-end and front-end components, and that could be an important barrier for them. Apart from that, legal hassle and costs associated with proper licensing of market data could be a barrier at first. We are seeing this trend among market data vendors and exchanges to make it easier and more affordable.”

Metaverse Gaming NFT

GCEX’s DeFi education and prime brokerage offering available in DubaiVerse

“We are excited to be part of the developments of The Sandbox and to join other top players in the region, including our regulator, Dubai’s Virtual Asset Regulatory Authority (VARA), as part of the DubaiVerse. This is a great opportunity to bridge the gap between Web3 early adopters and GCEX clients, building a community around Web3 and digital assets.”

Digital Assets

Circle wants Fed to back USDC stablecoin after “very serious stress test” with collapse of SVB

The collapse of Silicon Valley Bank allegedly proves Circle’s point that there is a need for its USDC stablecoin to be backed by the U.S. Federal Reserve with its U.S. dollars held at the Fed.

<
✖