SBM Bank India announced the appointment of Ashish Vijayakar as the Managing Director & Chief Executive Officer (MD & CEO) of the Bank for a period of 3 years from February 17, 2024.
This appointment has been made as per the approval accorded by the Reserve Bank of India (RBI) vide its letter dated 6th February 2024, a statement said.
Ashish Vijayakar is a veteran banker with a proven track record spanning around three decades, in the banking and financial services sector. With a strong background in building and growing global businesses, he has held key leadership positions across various geographies in Standard Chartered Bank. As Co-Head & MD at Standard Chartered Bank, he had demonstrated his ability to navigate complex market dynamics and deliver sustainable results. His leadership style, focused on fostering collaboration, nurturing talent, and maintaining the highest standards of integrity along with compliance, aligns perfectly with SBM Bank India’s values and commitment to excellence, according to the statement.
As a career banker, Vijayakar has immense expertise in the domains of business transformation, risk management, innovation, and managing changing business environment processes, among other areas of operations, the statement said.
Sattar Hajee Abdoula, Chairman, SBM Bank India said, “On behalf of the Board, we are delighted to welcome Ashish Vijayakar as the new Managing Director and CEO of SBM Bank India. With his proven track record of driving business growth, leading transformational initiatives, and fostering winning teams, Ashish’s leadership will propel SBM Bank India to new heights of success. We are confident that Ashish will, together with the existing management team, reinforce the existing bonds between the Bank and its stakeholders, and provide seamless continuity to the service to our customers, while enhancing the spectrum of strategic endeavours of the Bank with his expertise. His foresight and unwavering dedication to excellence perfectly align with our objectives and aspirations.”
Commenting on his appointment, Ashish Vijayakar said, “I am honoured to become a part of SBM Bank India. I look forward to working closely with the talented team at SBM Bank India to further enhance the robust groundwork established by my predecessors and foster sustainable growth that brings value to all stakeholders. I extend my gratitude to the Board for entrusting me with the leadership responsibility for steering SBM Bank India towards the next phase of growth.”
Ashish is a Bachelor of Commerce from Bombay University, CA from the Institute of Chartered Accountants of India, and an LLB (General) from Bombay University.
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