Standard Chartered has appointed former South African bank CEO Maria Ramos as chair to succeed Jose Vinals, who is approaching the end of his nine-year term, the lender said on Tuesday.

Standard Chartered Plc named Maria Ramos to succeed Jose Vinals as chair. Ramos joined the board as an independent non-executive director in January 2021, and previously ran Africa-focused lender Absa Group. She was picked as chair after an “extensive global search,” Standard Chartered said in a statement Tuesday.

LONDON (Reuters) -Standard Chartered appointed Maria Ramos as chair to succeed Jose Vinals, who is approaching the end of his nine-year term, the lender said on Tuesday. Ramos, 65, joined Standard Chartered's board as an independent non-executive director in January 2021 and was the head of South African bank ABSA Group Ltd from 2009 to 2019,

Plc announced the appointment of Maria Ramos as the successor to Jose Vinals in the role of chair. Ramos, who joined the board as an independent non-executive director in January 2021, will step into her new role following an extensive global search,