By Mark Kleinman, City Editor
Richard Meddings, the former finance director of Standard Chartered, is in talks about a boardroom role at Legal & General (L&G), one of Britain's biggest financial services groups.
Sky News understands that Mr Meddings is in detailed discussions with L&G about taking on his first board position since stepping down from his role at the emerging markets bank during the summer.
An announcement confirming his appointment as a non-executive director is expected before the end of the year, according to insiders.
Mr Meddings is a well-respected figure in the City, having spent more than a decade helping to turn Standard Chartered into one of the world's leading lenders in faster-growing markets in Asia and Africa.
In 2012, however, he was drawn into a controversy over his alleged use of an expletive during a meeting with US regulators relating to the bank's conduct in Iran.
The bank was subsequently hit by a hefty fine but Mr Meddings and colleagues insisted that he had not made the remarks attributed to him.
Standard Chartered replaced Mr Meddings as its finance director with Andy Halford, who previously held the same role at Vodafone.
His exit came at a difficult time for the bank, which has seen its share price hit by volatility in emerging market economies and investor concerns about some aspects of its management.
Standard Chartered issued a public statement during the summer to deny media reports that it was accelerating plans to replace either Sir John peace, its chairman, or Peter Sands, chief executive.
Mr Meddings, who also previously sat on the board of 3i Group, the private equity house, is understood to be deliberating over whether to take another executive position or build a portfolio of boardroom positions.
He is expected to be a candidate to replace Sir Philip Hampton as chairman of Royal Bank of Scotland when he steps down next year, although if he did so, it would be viewed by regulators as a barrier to taking on any further roles given the time commitment required to chair a big bank.
L&G and Mr Meddings both declined to comment.
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