Peter Sands (banker)
Encyclopedia
Peter Sands is a British
banker. Since November 2006 he is chief executive officer
of Standard Chartered plc.
and the United World College of the Pacific in Canada
and studied at Brasenose College at Oxford
. He started as a trainee at the Foreign and Commonwealth Office
of the United Kingdom
. He left to take a Harkness Fellowship
at Harvard University
to graduate as Master of Public Administration
.
specialising in financial-services and technology sectors. In 1996 he became partner and 2000 director.
In 2002 Peter Sands joined Standard Chartered PLC, a client, as Group Finance Director, even so he was not accountancy-trained. In 2006 he became Group Chief Executive Officer.
Between 2002 and 2008 the operating income could be doubled and the headcount nearly trebled to 75,000. Getting more than 90% of profits from fast-growing emerging markets mainly in Asia, Standard Chartered has weathered the economic downturn far better than most and announced his seventh successive year of record profits in 2009. The british bank rescue plan, which was copied around the world, was based on a blueprint devised by Peter Sands. Standard Chartered itself did not take "any taxpayer money or used any central bank liquidity schemes". Peter Sands is member of the Board of Directors of the Institute of International Finance
, the global association of financial institutions, and chairman of their Special Committee on Effective Regulation.
. He is a member of the British Good Work Commission, which is tasked to examine the major challenges of work in the 21st century and redefine the notion of good work – work that is rewarding for business, society and individuals.
in north London and have a second home in Monmouthshire
.
British people
The British are citizens of the United Kingdom, of the Isle of Man, any of the Channel Islands, or of any of the British overseas territories, and their descendants...
banker. Since November 2006 he is chief executive officer
Chief executive officer
A chief executive officer , managing director , Executive Director for non-profit organizations, or chief executive is the highest-ranking corporate officer or administrator in charge of total management of an organization...
of Standard Chartered plc.
Early Life
Peter Sands was educated at the Crown Woods Comprehensive School in LondonLondon
London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...
and the United World College of the Pacific in Canada
Canada
Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...
and studied at Brasenose College at Oxford
University of Oxford
The University of Oxford is a university located in Oxford, United Kingdom. It is the second-oldest surviving university in the world and the oldest in the English-speaking world. Although its exact date of foundation is unclear, there is evidence of teaching as far back as 1096...
. He started as a trainee at the Foreign and Commonwealth Office
Foreign and Commonwealth Office
The Foreign and Commonwealth Office, commonly called the Foreign Office or the FCO is a British government department responsible for promoting the interests of the United Kingdom overseas, created in 1968 by merging the Foreign Office and the Commonwealth Office.The head of the FCO is the...
of the United Kingdom
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
. He left to take a Harkness Fellowship
Harkness Fellowship
The Harkness Fellowships are a programme run by the Commonwealth Fund of New York City. They were established to reciprocate the Rhodes Scholarships and enable Fellows from several countries to spend time studying in the United States...
at Harvard University
Harvard University
Harvard University is a private Ivy League university located in Cambridge, Massachusetts, United States, established in 1636 by the Massachusetts legislature. Harvard is the oldest institution of higher learning in the United States and the first corporation chartered in the country...
to graduate as Master of Public Administration
Master of Public Administration
The Master of Public Administration is a professional post-graduate degree in Public Administration. The MPA program prepares individuals to serve as managers in the executive arm of local, state/provincial, and federal/national government, and increasingly in nongovernmental organization and...
.
Professional Career
From 1988 Peter Sand worked for McKinseyMcKinsey & Company
McKinsey & Company, Inc. is a global management consulting firm that focuses on solving issues of concern to senior management. McKinsey serves as an adviser to many businesses, governments, and institutions...
specialising in financial-services and technology sectors. In 1996 he became partner and 2000 director.
In 2002 Peter Sands joined Standard Chartered PLC, a client, as Group Finance Director, even so he was not accountancy-trained. In 2006 he became Group Chief Executive Officer.
Between 2002 and 2008 the operating income could be doubled and the headcount nearly trebled to 75,000. Getting more than 90% of profits from fast-growing emerging markets mainly in Asia, Standard Chartered has weathered the economic downturn far better than most and announced his seventh successive year of record profits in 2009. The british bank rescue plan, which was copied around the world, was based on a blueprint devised by Peter Sands. Standard Chartered itself did not take "any taxpayer money or used any central bank liquidity schemes". Peter Sands is member of the Board of Directors of the Institute of International Finance
Institute of International Finance
The Institute of International Finance, Inc. is the world's only global association of financial institutions. It was created by 38 banks of leading industrialised countries in 1983 in response to the international debt crisis of the early 1980s...
, the global association of financial institutions, and chairman of their Special Committee on Effective Regulation.
Public Life
Peter Sands is a board member of the Global Business Coalition on HIV/AIDS, Tuberculosis and Malaria (GBC) The British government appointed him in 2009 to the Independent Review of Higher Education Funding and Student FinanceBrowne Review
The Browne Review or Independent Review of Higher Education Funding and Student Finance was a review to consider the future direction of higher education funding in England. It was launched on the 9 November 2009 and published its findings on 12 October 2010. It was chaired by Lord Browne of...
. He is a member of the British Good Work Commission, which is tasked to examine the major challenges of work in the 21st century and redefine the notion of good work – work that is rewarding for business, society and individuals.
Private Life
Peter Sands is married to the writer Betsy Tobin and has four children. They live in HighburyHighbury
- Early Highbury :The area now known as Islington was part of the larger manor of Tolentone, which is mentioned in the Domesday Book. Tolentone was owned by Ranulf brother of Ilger and included all the areas north and east of Canonbury and Holloway Road. The manor house was situated by what is now...
in north London and have a second home in Monmouthshire
Monmouthshire
Monmouthshire is a county in south east Wales. The name derives from the historic county of Monmouthshire which covered a much larger area. The largest town is Abergavenny. There are many castles in Monmouthshire .-Historic county:...
.