Private sector lender SBM Bank India on Friday said it has appointed Ashish Vijayakar as managing director and chief executive officer.
The appointment is for three years from February 17, the bank said in a statement.
Vijayakar is a veteran banker with a track record spanning around three decades in the banking and financial services sector.
“With his proven track record of driving business growth, leading transformational initiatives and fostering winning teams, Vijayakar’s leadership will propel SBM Bank India to new heights of success,” said Sattar Hajee Abdoula, Chairman, SBM Bank India.
“We are confident that Ashish, together with the existing management team, will strengthen the existing ties between the bank and its stakeholders, and deliver seamless continuity of service to our customers, enhancing the spectrum of the bank’s strategic efforts with his expertise. . His foresight and unwavering dedication to excellence are perfectly aligned with our goals and aspirations,” said Abdoula.
With a strong background in building and growing global businesses, Vijayakar has held key leadership positions across various geographies in Standard Chartered Bank. As co-head and MD at Standard Chartered Bank, he navigated complex market dynamics and delivered sustainable results, SBM Bank India said in the statement.
“I look forward to working closely with the talented team at SBM Bank India to further enhance the strong foundation established by my predecessors and foster sustainable growth that brings value to all stakeholders,” Vijayakar said.
As a career banker, Vijayakar has expertise in the domains of business transformation, risk management, innovation and managing changing business environment processes, among other areas of operations.
His expertise lies in strategic planning, team leadership and fostering transformational partnerships to drive sustainable growth, according to the statement.
Vijayakar holds a Bachelor of Commerce from Mumbai University, a CA from the Institute of Chartered Accountants of India and an LLB (general) from Mumbai University.
SBM Bank India is the first bank to receive a universal banking license from the Reserve Bank of India to set up and operate as a scheduled commercial bank under the wholly owned subsidiary (WOS) regime offering banking services in India.