Ngozi Okonjo-Iweala, former minister of finance, has been named an independent non-executive director at Standard Chartered PLC.
Standard Chartered PLC is a British multinational banking and financial services company headquartered in London, England and with presence in 70 countries.
According to a statement released by the company on Thursday, her appointment is effective from November 1, 2017.
Ngozi (aged 63) has 30 years of economic development and financial expertise. She is an internationally renowned economist and a prominent African leader, who twice served as Finance Minister in Nigeria, Africa’s largest economy and one of our largest African markets. She has played an important role in public finance transparency and has in-depth knowledge of Africa and international affairs.
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She will earn £130,000 per annum for her expertise in financial and development financing.
José Viñals, group chairman said “Ngozi is a globally recognised African and international figure”.
“She has significant geopolitical, economic, risk and development experience and expertise at a national governmental level and in international organisations, which will provide significant insight and value to the Board.
“She also has deep knowledge of Africa as well as emerging and developing markets. I am delighted to welcome her to Standard Chartered.”