Standard Chartered appoints former Tata capital CEO as Head of Retail Banking

Standard Chartered Bank, India, has appointed Kusal Roy as its new Head of Retail Banking effective 05 May 2020.

Kusal brings to the role a wide experience gained over his 25 year plus career in retail banking, payments industry and NBFC sector. Prior to joining Standard Chartered, he was the Managing Director and Chief Executive Officer at Tata Capital Financial Services Ltd. In his career, he has held various senior roles in ICICI Bank, Barclays Bank and Citibank India.

In his new role, Kusal will report to Zarin Daruwala, India, CEO and Sebastian Arcuri, Regional Head, Retail Banking, ASEAN & South Asia.

Zarin Daruwala, CEO, India, Standard Chartered Bank, said, “We are pleased to have Kusal onboard, who brings with him a wealth of experience in retail banking. The business has recorded an impressive performance and I am confident that Kusal will build on the momentum, and also contribute to the strategic leadership of the franchise as a key member of the Country Management Team.”

Speaking about his appointment, Kusal said, “I am delighted to join Standard Chartered Bank which has a rich legacy of over 160 years in India and truly embodies its promise of being Here for good. As the largest foreign bank in India by footprint and with its strong digital foray, the Bank has made some very impressive strides in Retail Banking. I look forward to working closely with the team and taking the Standard Chartered retail franchise forward in India.”

Kusal did his BTech from Indian Institute of Technology (IIT), Kharagpur and followed it with a post-graduation from the Indian Institute of Management (IIM), Ahmedabad.

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