Standard Chartered hires Shankar for transaction banking team

Standard Chartered Bank said yesterday that it has appointed TS Shankar as its Southern Asia transaction banking head for bank clients, as it continues to expand its business in the region.

Shankar, who starts immediately, is based in Singapore and reports directly to Jiten Arora, the lender's regional transaction banking head for Southern Asia. He will lead a team of 40 people, and have responsibility for Southeast Asia, Australia and New Zealand as well as India, Sri Lanka and Bangladesh.

"Shankar's role is a newly created one which covers the whole of Southern Asia, from India to Australia. This is an area of strategic importance for us and Shankar's focus will be to grow our business in this region to better serve our clients" said Arora.

Shankar has a total of 19 years experience in the banking industry. He joins from Bank of America, where he was a senior vice-president based in Singapore, responsible for providing global product solutions, including transaction services for financial institutions in Southeast Asia, Japan, India, Australia and New Zealand.