Business

Standard Chartered appoints new Head of Retail Banking

Sheahan Arasaratnam has been appointed the Head of Retail Banking in Sri Lanka with effect from 3 June 2019 (subject to regulatory approval). With over 25 years of banking experience, Arasaratnam was previously based in Nigeria as Consultant/General Manager, Head of Retail Products and Segments, and Deputy Head of Retail Banking for Union Bank of Nigeria PLC. He is a member of the Chartered Institute of Marketing and holds an MBA from Edith Cowan University, Australia.

Sheahan specialises in consumer and small-medium enterprise/business banking. He has a wide expertise in Asia and Africa focusing on the development of unique customer and product value propositions, covering personal and business banking, branch and channel optimisation, credit cards, lending across different segments including micro, and developing unique value propositions for business segments for both personal and business banking.

Prior to moving to Nigeria, Arasaratnam worked with Standard Chartered as the Head of Retail Product/Segments for three years, following which he moved to West Africa (Nigeria, Ghana, Gambia, and Sierra Leone) where he served as the Head of Retail Banking Products for four years.

Commenting on the new appointment, Standard Chartered CEO Bingumal Thewarathanthri said: “Sheahan is a passionate advocate of great service and the key role it can play in fulfilling clients’ business and personal financial goals and ambitions. His international exposure from his assignments overseas will certainly provide a valuable perspective as he drives the bank’s retail banking unit.”