Peace named StanChart chairman

Peace, 60, has been acting chairman at Standard Chartered since January, when Mervyn Davies stepped down at short notice to become a Treasury minister.

Peace, a veteran of retail and financial services who attended Sandhurst Military Academy and is a fellow of the Royal Society of Arts, will quit as chairman of Experian once a new chairman is found. He will remain chairman of Burberry Group .

"John Peace clearly knows an awful lot about financial services and information, I'm sure he'll be a good choice for Standard Chartered," said Nick Bubb, retail analyst at Pali International.

"He has a nice touch and was well respected amongst the retail analysts."

The appointment rules Peace out of the running for the chairman's role at part-nationalised Lloyds Banking Group , which he had been linked to.

Former Citi chairman Win Bischoff is the hot favourite to land that role, although the search is still in progress.

Peace had also reportedly been short-listed to become chairman of supermarket group J Sainsbury .

He has held a number of top roles in financial services and retail, including experience in Asia and elsewhere. He has been on Standard Chartered's board since August 2007.

FROM SANDHURST TO FINANCIALS