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 Buys

BlueStar SecuTech Inc. (DI) (BSST)
Director name: Mr Xiao Gang
Amount purchased: 1,300,000 @ 21.70p
Value: £282,100

CLS Holdings (CLI)
Director name: Ms Jennica Mortstedt
Amount purchased: 22,948 @ 648.00p
Value: £148,703

Tex Holdings (TXH)
Director name: Mr Matthew J Cadbury
Amount purchased: 67,435 @ 69.00p
Value: £46,530

Goals Soccer Centres (GOAL)
Director name: Mr Bill Gow
Amount purchased: 12,050 @ 126.20p
Value: £15,207

RAB Capital (RAB)
Director name: Mr Charles Kirwan-Taylor
Amount purchased: 146,250 @ 10.39p
Value: £15,195

Goals Soccer Centres (GOAL)
Director name: Mr Bill Gow
Amount purchased: 8,033 @ 126.20p
Value: £10,138

Top Director Sells

Standard Chartered (STAN)
Director name: Mr Richard H Meddings
Amount sold: 10,159 @ 1,691.00p
Value: £171,789

Goals Soccer Centres (GOAL)
Director name: Mr Bill Gow
Amount sold: 20,083 @ 126.00p
Value: £25,305

Related share prices
Standard Chartered (STAN) share price
CLS Holdings (CLI) share price
Tex Holdings (TXH) share price
RAB Capital (RAB) share price
Goals Soccer Centres (GOAL) share price
BlueStar SecuTech Inc. (DI) (BSST) share price