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Standard Chartered Group reshuffles top positions

09-November-2004
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Standard Chartered Group reshuffles top positions

Standard Chartered Group has moved its key top management personnel to global positions. Vishu Ramachandran has been made Chief Financial Officer-Group Consumer Banking, Shyam Srinivasan moves on as Head, Consumer Banking, Malaysia, and Murali M Natrajan is now Head, Consumer Banking, India and Nepal.

These positions will be key drivers for the growth of Standard Chartered’s Consumer Banking business in India and Asia. As the world’s leading emerging markets bank, the appointments will further strengthen Standard Chartered’s position in India and Asia and complement the expertise of the local management team.

Commenting on the appointments, Mike DeNoma, Group Executive Director and Head of Standard Chartered’s Global Consumer Bank, said, “I have worked closely with Vishu, Murali and Shyam over the past two years and am delighted that they have accepted the new challenges. I am confident that they will be able to take the business to its next level.”

Chris Low, CEO, India Region, said, “Vishu has helped us grow the Consumer Banking business in India tremendously, and now Murali will bring best practices in brand building and customer service, which will further distance us from our competitors.” He added, “Murali’s talent, expertise and background are tailor-made for the plans we have for giving a massive thrust to our retail position in India.”

Vishu Ramachandran, in his new role assumes critical importance in terms of both strategy and pace of growth for the Consumer Banking business. Prior to this assignment, he was Standard Chartered’s Regional Head, Consumer Banking, India. Under his leadership, Consumer Banking India has successfully built new businesses like mortgages, business financial services and Bancassurance, and has simultaneously doubled its geographic footprint.

Natrajan will succeed Ramachandran as Head-Consumer Banking, India and Nepal. He will oversee the strategic direction and growth of the five Consumer Banking Value Centres – Secured Loans, Unsecured Loans, Wealth Management, Branch Banking and Standard Chartered Finance. Natrajan has been a Consumer Banking professional with over 20 years of rich experience in India, Singapore, Hong Kong, Korea and Indonesia. He started his career with American Express Travel Related Services in India.

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