Al Rayan Bank (UK), a subsidiary of Masraf Al Rayan, has appointed Venkat Chandrasekar (pictured) as its new chief operations officer to oversee its frontline functions.
Chandrasekar joins the bank from Citibank where he held several senior positions over his 13-year tenure, most recently leading the European operations for international personal banking and wealth management business in London.
He is based in Al Rayan Bank’s operational headquarters in Birmingham, and reports to Sultan Choudhury, its chief executive.
“It is a critical time for the bank as it continues to transition to an established European banking brand. Chandrasekhar’s appointment will act as a catalyst for the changes we have made so far, and help to move us forward in that journey,” Choudhury said.
“Every bank wants to embrace the new digital age of banking and I believe Al Rayan Bank is uniquely positioned to do so. It is not hampered by unwieldy processes and systems, it is a rapidly growing but agile organisation that can make decisions swiftly. It is investing in both the technology and experienced personnel, and, most importantly, it puts the customer at the heart of everything it does,” Chandrasekar said.
As an independent UK lender, Al Rayan Bank is authorised by the Prudential Regulation Authority, regulated by the Financial Conduct Authority and the Prudential Regulation Authority and is a member of Financial Services Compensation Scheme.
AL RAYYAN
