SBM Bank India has appointed Ashish Vijayakar as the Managing Director & Chief Executive Officer (MD & CEO) of the Bank for 3 years, effective February. Vijayakar’s appointment to the post has been approved by the Reserve Bank of India (RBI).

With a proven track record spanning around three decades, in the banking and financial services sector, Vijayakar has a strong background in building and growing global businesses.

He has held key leadership positions across various geographies in Standard Chartered Bank. His expertise lies in domains of business transformation, risk management, innovation, and managing changing business environment processes, among other areas of operations.

Sattar Hajee Abdoula, Chairman, SBM Bank India said, “With his proven track record of driving business growth, leading transformational initiatives, and fostering winning teams, Ashish's leadership will propel SBM Bank India to new heights of success.”

“I look forward to working closely with the talented team at SBM Bank India to further enhance the robust groundwork established by my predecessors and foster sustainable growth that brings value to all stakeholders,” said Vijayakar.