Standard Chartered Strengthens Transaction Banking Leadership  

Singapore - 17 November 2008 - Standard Chartered Bank recently announced the promotion of four members of its Transaction Banking Leadership Team.

Neil Daswani, Global Head of Securities Services, has been promoted to the role of Regional Head, Transaction Banking, for North Asia.

Neil has been with Standard Chartered Bank for 17 years and under his leadership, Securities Services has emerged a significant contributor of the Transaction Banking business. Neil has held numerous senior management positions at Standard Chartered spanning Corporate Banking, Risk Management, Operations and Branch Banking in Asia and the Middle East. Neil’s deep knowledge of the transaction banking business, understanding of the key markets in Asia and strong track record of successfully building teams uniquely suit him to lead the next phase of the Bank’s transaction banking business growth in North Asia. In this new role, Neil will be based in Hong Kong.

In line with Neil Daswani’s appointment, Giles Elliott, currently the Global Product Head, Custody and Clearing has been promoted to the role of Global Product Head, Securities Services which includes our Custody, Fund Services and Broker Clearing businesses. 

Giles joined Standard Chartered in 2007.  He has over eighteen years of experience in the Securities Services business and has previously worked with JP Morgan Chase and HSBC. Giles has deep management expertise across Product Management, Network Management and Operations as well as diverse experience gained in 50 international markets. He will continue to be based in Singapore.


Jiten Arora, Global Head, Client Access, has been appointed to the role of Regional Head, Transaction Banking, South Asia, incorporating the previous South Asia and South East Asia regions. Jiten will be based out of Singapore.

Jiten has been with Standard Chartered since 2002 and has contributed strongly to the success of the Bank’s Client Access team, including heading Standard Chartered’s award-winning launch of Straight2Bank last year. (Straight2Bank is the Bank’s fully integrated end-to-end platform which provides Cash, Trade, Foreign Exchange (FX) and Securities Services via a single sign-on access, providing clients with streamlined and straight through processing of transactions, resulting in significant operating efficiencies and cost savings.)  Jiten has also established a strong Network Management function. He will bring this focus and experience to grow Standard Chartered’s business in these critical markets.


Neal Livingston, Chief Operating Officer, Transaction Banking, has been appointed Global Head, Client Access, with responsibility for Channel Management, Solution Delivery and Network Management.

Neal joined Standard Chartered in 2006 and in his previous role as Chief Operating Officer, he played an instrumental role in working with Karen Fawcett, Group Head for Transaction Banking in developing a global Transaction Banking business strategy, encompassing the areas of operational excellence, governance and control as well as electronic initiation and channels.  Neal’s solid background in strategy and banking will enable him to make a strong contribution to the Bank’s focus on delivering innovative client solutions. Neal will be based in Singapore.

“Transaction banking is a core revenue contributor for Standard Chartered’s  Wholesale Banking business.  We expect to see strong growth in this business going forward as Standard Chartered is a top transaction bank in the fastest growing markets in the world.  As a bank, we are highly liquid and well capitalized.  We also have leading capabilities in offering a full suite of innovative working capital solutions, extensive networks and deep local operating knowledge.  These factors combined with the solid leadership we have put in place positions us very strongly for future growth,” said Karen Fawcett, Group Head of Transaction banking, Standard Chartered Bank.