Standard Chartered finance boss withdraws £170,000

11th Apr 2011 15:47

Standard Chartered's finance boss Richard Meddings has pocketed more than £170,000 from the sale of shares in the Asia-focused bank.He disposed of 10,159 shares at 1,691p a time, reducing his stake to 120,000 shares. The sale comes soon after chief executive Peter Sands offloaded 13,391 shares at 1,663p a time. Standard Chartered last month reported that profits in 2010 were bang in line with forecasts at $6.12bn, while 2011 got off to a record start. Profit before tax rose by just under a billion dollars from 2009's $5.15bn, with India contributing more than any other region to profits for the first time in the bank's history. "Our deal pipelines remain very good," said Sands. "In Consumer Banking ... we have seen continued steady income progress in the first month and start 2011 without the significant drag of liability margin pressure," Sands added.Top Director BuysBlueStar SecuTech Inc. (DI) (BSST) Director name: Mr Xiao GangAmount purchased: 1,300,000 @ 21.70p Value: £282,100CLS Holdings (CLI) Director name: Ms Jennica MortstedtAmount purchased: 22,948 @ 648.00p Value: £148,703Tex Holdings (TXH) Director name: Mr Matthew J CadburyAmount purchased: 67,435 @ 69.00p Value: £46,530Goals Soccer Centres (GOAL) Director name: Mr Bill GowAmount purchased: 12,050 @ 126.20p Value: £15,207RAB Capital (RAB) Director name: Mr Charles Kirwan-TaylorAmount purchased: 146,250 @ 10.39p Value: £15,195Goals Soccer Centres (GOAL) Director name: Mr Bill GowAmount purchased: 8,033 @ 126.20p Value: £10,138Top Director SellsStandard Chartered (STAN) Director name: Mr Richard H MeddingsAmount sold: 10,159 @ 1,691.00p Value: £171,789Goals Soccer Centres (GOAL) Director name: Mr Bill GowAmount sold: 20,083 @ 126.00p Value: £25,305