People Moves

Standard Chartered Names New Singapore CEO

Tom Burroughes Group Editor 24 March 2014

Standard Chartered Names New Singapore CEO

Standard Chartered has announced the official appointment of Neeraj Swaroop as chief executive of its bank in Singapore.

Standard Chartered has announced the official appointment of Neeraj Swaroop as chief executive of its bank in Singapore, effective 31 March. He takes over from Ray Ferguson.

Swaroop has worked in the financial services industry for 23 years. Most recently, he served as CEO for ASEAN excluding Singapore, responsible for StanChart’s franchise and operations in Australia, Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Thailand, and Vietnam.

Prior to this, Swaroop was the bank’s regional CEO of India and South Asia for six years. Before joining Standard Chartered, Swaroop built and led the consumer banking business at HDFC Bank, the Indian private bank.

As part of a restructuring of its business units, Standard Chartered created eight specific regions: Greater China, ASEAN, North East Asia, Middle East, North Africa and Pakistan, Africa, Europe and the Americas.

“Neeraj’s appointment as the CEO of the Bank in Singapore will help the local franchise leverage growth opportunities in ASEAN,” the bank said in a statement.

His predecessor left the UK-listed bank in February to join Arab Banking Corporation in Bahrain.

“We remain very committed to Singapore, which is an important and strategic market for Standard Chartered. It is the second largest contributor to Group (Standard Chartered PLC) income and profits; it is where our global businesses operate; and the main driver of income for ASEAN,” Jaspal Bindra, group executive director and CEO, Asia, Standard Chartered.

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