Standard Chartered Bank’s Sunil Kaushal on how COVID-19 is impacting Africa and the Middle East.
We are in an environment where mid to high single digit negative growth rates are becoming the norm, fiscal deficits are going into double digits, we are seeing secular downgrades and question marks around debt sustainability.
In this episode we speak to Standard Chartered Bank’s Sunil Kaushal.
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About Sunil Kaushal
Sunil is the CEO of Standard Chartered Africa and Middle East (AME), and a member of Standard Chartered’ s Global Management Team, the highest Executive Body within the Bank. Prior to this, Sunil was the Regional CEO of Standard Chartered South Asia and CEO India.
He has been with the Group for nearly 24 years and has approximately 34 years of banking experience in diverse markets across North Asia, South East Asia, South Asia, Middle East and Africa. Sunil has held senior roles across Wholesale, Retail, SME Banking.an Country Management within the Group. Sunil has served as the Head of Corporate Banking in UAE, Head of Originations and Client Coverage in Singapore, Global Head Small and Medium Enterprises and New Ventures in Singapore and Chief Executive Officer of Standard Chartered Bank (Taiwan)
Sunil has led the acceleration of Standard Chartered’s digital transformation in the AME region, with the launch of digital banks across 9 key markets across Africa. The Bank also digitised its wealth management offering and has grown accounts by around 700,000. The successful establishment of these digital banks through Sunil’s leadership have served as a testament to the bank’s growing digital footprint in the region and presence as a leader in digital banking technologies
In 2018 and 2019, Sunil was named the Banking CEO of the Year by EMEA Finance and CEO Middle East magazine respectively and was also featured amongst Forbes’ Middle East Top Indian Leaders for two consecutive years in 2019, 2020 & 2021. Sunil was also awarded Forbes’ Global Meets Local Top 50 Executives Regional Executives Heading International Companies in 2020 and featured in Gulf Business’s top Indians leaders in the GCC during 2020 & 2021.
In March 2021, Sunil joined MoneyTap, one of the leading Fintech companies in India, as a Global Advisor. Prior to joining Standard Chartered in 1998, Sunil held various positions in Investment Banking, Corporate Finance and Commercial Banking and Foreign Exchange at NatWest Markets, SocGen-Crosby, and American Express Bank in Mumbai, India.
Sunil holds a Bachelor of Commerce degree from Bombay University, India, and a post-graduate qualification as a Chartered Accountant from the Institute of Chartered Accountants of India. He has also completed general management courses at Harvard Business School, INSEAD, Oxford University, and London Business School.
Source: Standard Chartered Bank Website