Standard Chartered Bank Appoints Sai Narain as Head of Consumer Banking Bahrain

Wednesday 11 August 2010, Manama, Bahrain - Standard Chartered Bank Bahrain announces the appointment of CDK Sai Narain as the Head of Consumer Banking for Bahrain. He will also be responsible for the bank's Consumer Banking businesses across the Northern Gulf and Levant.

In his new role, Sai Narain will be responsible for the strategy, development and management of the Bank's Consumer Banking business in Bahrain, Oman, Qatar, Lebanon and Jordan with a focus on the continuous development of key growth segments - Premium Banking and SME. Sai brings with him more than 17 years of extensive knowledge and international banking experiences.

Jonathan Morris, Chief Executive Officer of Standard Chartered Bank Bahrain said, "I am confident that under Sai's leadership, we will be able to deliver on our Consumer Banking strategy of serving the needs of our Personal, Premium, SME and Private Banking customers to meet all their borrowing, wealth management and transacting needs. We plan to develop a more customer focused approach which will enable us to gain a deeper understanding of our customers' evolving needs and to provide customised financial solutions."

Sai joins Standard Chartered Bank Bahrain from Standard Chartered Bank India where he was the Head of Consumer Transaction Banking, Personal Banking Marketing and Business Intelligence. He has an impressive track record of creating and growing the deposit business while he oversaw the rapid expansion of the business in India. Prior to joining Standard Chartered Bank India, he was with Citibank for thirteen years in Taiwan and India. His key responsibilities were development of the Retail Banking business, Credit Card proposition as well as service quality results.

Commenting on his appointment, Sai said, "The growth of consumer banking has been excellent and developments within the Bank have been outstanding. This is a great opportunity for me to be a part of a dynamic and evolving economic environment and I look forward to working closely with the Bahrain team to further strengthen our position in this market."

Sai holds a B.E. Mechanical Engineering from College Of Engineering, Anna University, Madras, India and a MBA, Marketing from Sri Sathya Sai Institute of Higher Learning, Prasanthi Nilayam (Deemed University), Andhra Pradesh, India.

Standard Chartered Bahrain has a history of 90 years of operations in Bahrain and the Middle East. Standard Chartered is the First Bank in Bahrain and has a network of 6 branches and a sales outlet.

For further information, please contact:

Nimmi Kamal
Head Corporate Affairs Bahrain, Standard Chartered Bank
Tel: +973 3977 076
E-mail: Nimmi.Kamal@sc.com

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Standard Chartered PLC is a leading international bank, listed on the London, Hong Kong and Mumbai stock exchanges. It has operated for over 150 years in some of the world's most dynamic markets and earns around 90 per cent of its income and profits in Asia, Africa and the Middle East. This geographic focus and commitment to developing deep relationships with clients and customers has driven the Bank's growth in recent years.

With 1,700 offices in 70 markets, Standard Chartered offers exciting and challenging international career opportunities for more than 80,000 staff. It is committed to building a sustainable business over the long term and is trusted worldwide for upholding high standards of corporate governance, social responsibility, environmental protection and employee diversity. The Bank's heritage and values are expressed in its brand promise, 'Here for good'.

For more information, please visit: www.standardchartered.com