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...