Standard Chartered Malaysia Appoints Aaron Loo as Head of Retail Clients
Kuala Lumpur, 21 April 2015
– Standard Chartered Bank Malaysia ("the Bank") announces the appointment of Aaron Loo as the Head of Retail Clients for Malaysia. Aaron will report to Mahendra Gursahani, Managing Director and Chief Executive Officer, Malaysia and Sebastian Arcuri, Regional Head, Retail Clients, ASEAN.
Aaron brings more than 15 years' experience in retail banking covering strategy, product management, operations, collections & recovery, IT and project management over a range of retail products and support functions. He was previously Head, Group Consumer Banking at Alliance Bank Malaysia. Prior to that, he spent close to 10 years at CIMB, where he was last Senior Managing Director and Head, Group Cards and Personal Financing Division.
Mahendra Gursahani, Managing Director and Chief Executive Officer, Standard Chartered Bank Malaysia Berhad, commented:
"Aaron is highly experienced in the retail banking business and with his in-depth market experience and understanding of client needs, will be an asset to the team. I am confident that under Aaron's leadership, we will be able to deliver on our Retail Clients strategy to ensure continued growth by deepening relationships with clients and digitising retail banking."
Aaron Loo, Country Head, Retail Clients, Standard Chartered Bank Malaysia, said:
"I am excited to join Standard Chartered on its 140th year in Malaysia. There are many opportunities to serve our clients despite the challenging retail banking landscape. I look forward to working with the team here to continue delivering innovative banking solutions to and creating value for our customers."
Aaron holds a Bachelor of Engineering in Computation and Master of Science in Advanced Computation, both from Imperial College London. He started his career as a consultant with McKinsey & Co before joining Southern Bank in 2000.
Standard Chartered is Malaysia's first and oldest bank, having opened its first branch on Beach Street, Penang in 1875. Since then, it has captured clients' imagination with innovative products such as the WorldMiles credit card and through its sponsorship of Liverpool Football Club and the KL Marathon.
It was named Global Finance 'Best Consumer Internet Bank' in Malaysia in 2010 and 2014. Its Breeze app was named 'Best Mobile Banking App' in Asia.