Okonjo-Iweala appointed director at uk bank, to earn £130,000 annually

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, and with presence in 70 countries.
The company said her appointment is effective from November 1, 2017. The independent Non-Executive Directors do not participate in any of the Group’s incentive arrangements.
She will receive a fee of GBP100,000 per annum for her services as an independent Non-Executive Director, with an additional fee of GBP30,000 per annum as a member of the Brand, Values and Conduct Committee.”
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.

okojo-iweala

She also has deep knowledge of Africa as well as emerging and developing markets. I am delighted to welcome her to Standard Chartered.”
Okonjo-Iweala spent 25 years working at the World Bank in various positions. According to the bank, Okonjo-Iweala “spearheaded Nigeria’s successful program to obtain debt relief and is credited with developing reforms that helped improve governmental transparency to stabilise and grow the Nigerian economy”.
The 63-year-old sits on a number of prestigious international advisory boards including the Asian Infrastructure Investment Bank and is Chair of the Global Alliance for Vaccines and Immunizations (GAVI).
She has a Bachelor’s degree from Harvard University and a Masters and PhD from Massachusetts Institute of Technology.
The Cable.