Standard Chartered buys back $1.5bn shares, appoints risk chair

Standard Chartered executed a share buyback on July 29, purchasing 726,200 ordinary shares for $1.48 billion at an average price of 1,357.27 pence per share. The shares will be cancelled, resulting in 2.32 billion voting rights.

The bank confirmed regulatory approval for Phil Rivett's appointment as chair of the board risk committee, effective August 1. He had served in an interim capacity since May 8.