Standard Chartered has made management changes to its Transaction Banking global sales team in line with the banks focus on building relationships with key client segments across its footprint in Asia, Africa and the Middle East.
Neil Daswani, currently regional head of Transaction Banking for North Asia, has been appointed to the role of global head of Strategic Client Coverage Group (SCCG), Transaction Banking. In this role, Daswani will be responsible for accelerating the growth of the SCCG portfolio, which encompasses corporate and financial institutions clients. He has worked in various senior positions in transaction banking and client coverage in Asia Pacific and the Middle East. Daswani will be based in Singapore and also continue in his current role as regional head of North Asia until his successor is appointed. The SCGC team will also have a dedicated unit for large and complex deals.
Sumit Aggarwal, currently the Transaction Banking country head for Singapore, will be appointed regional head of Southeast Asia overseeing the sales teams for the region. In this role, Aggarwal will also focus on supporting clients who are looking to leverage the growth between the intra-regional trade corridors. He continues to be based out of Singapore.
Dinesh Khanna will assume the role as regional head of South Asia, based out of Mumbai and will continue to grow the franchise. He has always had geographic responsibilities for South Asia and the new title reflects the change in internal structure.
The separation of Southern Asia into South Asia and Southeast Asia was effected by Jiten Arora, when he became the global head of Sales, Transaction Banking. Prior to his current role, Arora had responsibility for Southern Asia.
All three roles will report to Jiten Arora, global head of Sales, Transaction Banking, Standard Chartered.
Arora said: I am confident that with such a highly experienced team in place, Standard Chartered will continue to drive strong growth of our Transaction Banking business going forward. This is an extremely high caliber team, their collective and extensive banking experience across the worlds fastest growing markets span over 68 years and will play a huge role in deepening our offerings for clients across all key segments across our footprint.
The Standard Chartered transaction banking business, which covers trade finance, cash management, clearing and securities services, reported an income growth up 21% year on year during its 1H 2011 results in August.
(JDC)