Former Chief Finance Director, Standard Chartered Bank
Richard Meddings was appointed as Group Finance Director of Standard Chartered PLC in November 2006 following 4 years as Group Executive Director for Africa, Middle East, Pakistan, Europe and the Americas. He stepped down from the Board of Standard Chartered on 30th June, 2014.
Before joining Standard Chartered, Richard was COO, Barclays Private Clients, Group Financial Controller at Barclays PLC and Group Finance Director of Woolwich PLC. Richard is a qualified accountant and spent his early career as a banker specialising in mergers and acquisitions and capital markets advisory work for Credit Suisse and Hill Samuel.
Standard Chartered is one of the largest banks in the UK by market value but earns 90% of its revenues in the emerging markets of Asia, Africa and the Middle East. It is the largest foreign bank across several of its markets and aspires to be the world’s best international bank. Standard Chartered has delivered record income and growth for the last 8 years – throughout the recent global financial crisis without any form of government bail-out or assistance. Standard Chartered is also a highly diverse organsiation with 86,000 employees of 129 different nationalities across its 71 markets.
Richard is Chairman of ‘Seeing is Believing’ which is a Standard Chartered community investment project aimed at tackling avoidable blindness. Every 5 seconds somebody, somewhere goes blind. There are 39m blind people in the world but 90% of avoidable blindness occurs in the developing world. Every 60 seconds a child goes blind, there are 1.4m blind children in the world, 60% of children die within 1 year of going blind and yet 80% of all blindness is avoidable. Seeing is Believing has raised over US$32m to date, invested in 66 projects, funding cataract operations for 2.78 million people and impacted the lives of over 20 million people.
Richard attended Wolverhampton Grammar School, then graduated from Exeter College, Oxford with a MA (Hons) in Modern History. He is a Non Executive Director of HM Treasury and Legal & General Group Plc and is a member of the Governing Council of the International Chamber of Commerce, UK. He served on the Board of 3i Group Plc for 6 years until July, 2014 and was the Senior Independent Director. Richard is married with three children and his interests include football, cricket and golf.