23rd Sep 2014 08:45
LONDON (Alliance News) - Standard Chartered PLC Tuesday said it has made a number of appointments in order to step up its retail clients business, with all three of the hires to be based in Singapore.
In a statement, the FTSE 100 bank, which focuses on Asia, Africa and the Middle East, said it has appointed Kartik Mani as its global head of cards and personal loans. Mani will report to TS Anil, its global head of retail products.
Mani will be responsible for defining and executing Standard Chartered's cards and personal loan strategy for retail clients, as it looks to take advantage of growth opportunities. The new cards and personal loans chief joins from HSBC, where carried out a similar role based in London.
Standard Chartered said Mani's appointment follows on from the appointment of Sebastian Arcuri as regional head of retail clients for Association of Southeast Asian Nations in July.
The bank also said it has appointed Rajan Raju as head of retail clients, Singapore, a role created earlier this year as it looks to sharpen its focus on the customer segment. It said that Raju has spent more than two decades in the financial services industry and has experience in retail banking, asset management, and transaction services, as well as technology, operations and processes. It said he has held a number of leadership roles with Deutsche Bank and the Development Bank of Singapore.
"We are excited at the opportunities ahead. With many of the world?s fastest growing cities in our footprint, a significant portion of the people who live there are increasingly affluent and their expectations are high for sophisticated financial advice and services. With these new senior hires added to our team, we will provide high-level client experience and value-adding solutions to support our clients? financial aspirations," Karen Fawcett, group head of retail clients, said in a statement.
Standard Chartered shares were Tuesday quoted down 1.5% at 1,201.50 pence.
By Samuel Agini; [email protected]; @samuelagini
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