Standard Chartered (the Group) recently revealed that it will be appointing Roel Louwhoff who will be serving as the new Group Chief Digital, Technology & Innovation Officer. Louwhoff previously worked as Chief Operations and Transformation Officer at ING since 2014.
According to an update from Standard Chartered (LON: STAN), Louwhoff will be based in Singapore and will be reporting directly to Group Chief Executive Officer Bill Winters.
Michael Gorriz, who has worked as Group Chief Information Officer since 2015, will reportedly be retiring in December 2021 in order to focus on his external board and advisory roles across Europe and Asia.
Winters remarked:
“Roel joins us at a critical time in our transformation into the agile, digital and future-focused organisation we need to be. We will benefit from his perspective as a digital leader and I look forward to working with him on taking our technology platform to even greater heights. He takes over from the solid foundations Michael has laid: a strong and diverse technology leadership team and a modern, cloud-based architecture that is the bedrock for the Bank’s digital ambitions. We are grateful for Michael’s many contributions.”
Louwhoff stated:
“I relish the prospect of taking on a new global challenge at Standard Chartered: helping to further digitise the business and supporting our customers and employees around the globe. I look forward to joining the international tech team and innovation engine, SC Ventures, and playing a part in their further success.”
The appointment is subject to regulatory approval. Louwhoff should begin his new role “effective November 1, 2021.”
Last month, Standard Chartered committed to a Memorandum of Understanding (MoU) with payments company Tazapay in order to provide digital escrow services to buyers and sellers interested in trading globally via Proxtera, a B2B marketplace network.
The initiative is Standard Chartered’s very first escrow-as-a-service offering. It will be the first banking institution to work cooperatively with Tazapay following its escrow agency partnership with Proxtera in February 2021.