LONDON (ShareCast) - Asia-focused bank Standard Chartered (LSE: STAN.L - news) will make acting chairman John Peace's job permanent
today, according to reports.
The 60-year-old, best known for his role in the split-up of GUS in 2006, has chaired the bank since Lord Davies of Abersoch left after becoming Trade Minister in January.
Peace is currently chairman of fashion group Burberry and credit-checking company Experian (LSE: EXPN.L - news) , formerly part of the Great Universal Stores empire.
The appointment means Peace is unlikely to become chairman of supermarket giant Sainsbury (LSE: SBRY.L - news) 's, contrary to rumours, say experts.
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