Standard Chartered appoints Jim McCabe as new CEO for Sri Lanka

Monday, 26 January 2015 00:31 - - {{hitsCtrl.values.hits}}

Veteran international banker to focus on increasing investor interest, new SL trade and investment flows Jim McCabe has been appointed the new Chief Executive Officer of Standard Chartered Bank, replacing Anirvan Ghosh Dastidar.

McCabe’s leadership in Bangladesh delivered impressive revenue growth, elevating business and diversifying operations beyond traditional banking into sophisticated financial solutions to meet the more complex needs of corporates. Regional CEO of India and South Asia, Sunil Kaushal, announcing the appointment, said: “Jim’s effective leadership in Bangladesh ensured strong revenue growth for the franchise in 2014 and I am confident that he will lead the team in Colombo with the same passion and dedication to results and service. I extend my best wishes to Jim and the Sri Lanka team as they continue to serve local enterprise and facilitate growth and financial solutions which will contribute positively to the national economic agenda.” McCabe joined Standard Chartered in 2000 and besides having led the operation in Bangladesh, has functioned as Group Head of Operations, Singapore, CEO, Taiwan, CEO, the Americas and Risk Head for North East Asia, Wholesale Banking. McCabe has also held the position of President, Bank of America, Mexico. His service and experience span diverse geographies ranging from the Americas, South East Asia and South Asia. During his tenure as CEO in Bangladesh from 2009 to 2014, McCabe oversaw a growth in trading profit of a 115%. Commenting on his new appointment, McCabe said: “I am honoured to be entrusted with the responsibility of leading the team at Standard Chartered in Sri Lanka. In these dynamic times for the nation I have great ambitions for the business and look forward to exploring growth opportunities.” Dastidar has moved on to head the bank’s operation in the Philippines, after having steered the local franchise as its Chief Executive since 2010.

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.