StanChart's Brougham stays

Wed, 04 Mar 1998 | Source: REUTERS

LONDON (Reuters): Banking group Standard Chartered Plc said yesterday that director David Brougham is to remain on the board following his appointment as chairman of the creditors' committee established for Indonesia.

Brougham was due to leave the board in April after a board reorganization announced last October.

But last month he was appointed chairman of a committee that comprises lenders with exposure to Indonesia.

Mervyn Davies took over Brougham's role as group executive director in December.

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