Standard Chartered has chosen Ashutosh Kumar as its new global head of corporate cash and trade product management.
The Standard Chartered veteran replaces Tan Kah Chye, who left for Barclays in April, 2011.
Kumar started his role in July 6, 2011, and is responsible for cash management and trade finance profit and loss, and strategy and product development across the bank’s global network.
Before taking up the role, Kumar was the bank’s global head of local corporate products and receivables management.
In the position, Kumar led the commercialisation of open account trade products and developed Standard Chartered’s integrated receivables and collections products.
“I am proud to be given this opportunity to lead the cash and trade product management in Standard Chartered,” Kumar says.
“I look forward to reinforcing our position as a global cash and trade finance partner of choice, and leading the team to deliver innovative, end-to-end suites of cash management and trade finance solutions to support our clients’ growth ambitions.”
George Nast, global head of product management and Kumar’s new boss, adds: “I am confident that Ashutosh will play a key role in driving the continued client focus strategy of the corporate cash and trade product organisation. The wealth of experience Ashutosh brings to the team will play an integral role in our commitment to develop the strategies needed to ensure delivery of world-class and client focused working capital solutions to our corporate clients.”