Standard Chartered has appointed Sridhar Kanthadai as its new regional head for transaction banking for North East Asia.

Kanthadai will be responsible for the management and development of the bank’s transaction banking team in North East Asia, which includes cash management, trade finance, securities and renminbi (Rmb) settlement services.

Based in Hong Kong, Kanthadai will report to Jiten Arora, Standard Chartered’s global head of sales and transaction banking, and to Darcy Lai, regional head of origination and client coverage, North East Asia.

Kanthadai joins Standard Chartered from Citi where he was most recently managing director, head of treasury and trade solutions for Asia Pacific.