Thecable reported that Ngozi Okonjo-Iweala, former minister of finance, has been named an independent non-executive director at Standard Chartered PLC.
Standard Chartered PLC is a British multinational banking and financial services company headquartered in London, and with presence in 70 countries.
The company said her appointment is effective from November 1, 2017. The independent Non-Executive Directors do not participate in any of the Group’s incentive arrangements.
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Okonjo-Iweala spent 25 years working at the World Bank in various positions. According to the bank, Okonjo-Iweala “spearheaded Nigeria’s successful program to obtain debt relief and is credited with developing reforms that helped improve governmental transparency to stabilise and grow the Nigerian economy”.
The 63-year-old sits on a number of prestigious international advisory boards including the Asian Infrastructure Investment Bank and is Chair of the Global Alliance for Vaccines and Immunizations (GAVI).
She has a Bachelor’s degree from Harvard University and a Masters and PhD from Massachusetts Institute of Technology.
