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.

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