STANDARD CHARTERED APPOINTS ITS FIRST TANZANIAN CHIEF EXECUTIVE OFFICER, LEVERAGING ON LOCAL TALENT

Sanjay Rughani.

Dar es Salaam, 23 November, 2015 – Sanjay Rughani becomes Standard Chartered Bank Tanzania’s first local Chief Executive Officer. Sanjay assumed the Bank’s top role earlier in the month succeeding the former CEO, Liz Lloyd, who has taken up the role of Group Company Secretary for the Bank, based in London. Sanjay joined the Bank in Tanzania in 1999 as Manager, Finance and Business Support. Within two years he was promoted to the role of a Regional Finance Manager for Africa, based in London. He then returned to the country in 2002 to become the Bank’s Executive Director for Finance in Tanzania, a role he held until 2006.

In 2007, Sanjay took up the role of Executive Director, Finance for Ghana in addition to being the area Chief Finance Officer for West Africa covering Ghana, Gambia, Cote d' Ivoire & Sierra Leone, a role he held until May, 2013.

In June, 2013 he became the Head of Finance Operations & Change Management for the Africa region, leading the Bank’s Africa Finance Operation and Finance Shared Services which has coverage of fifteen countries to achieve operational excellence with a strong focus on delivery and alignment to the Bank’s Global model. Sanjay held this role until his current appointment. 

Lamin Manjang, Chief Executive Officer for Kenya and East Africa, Standard Chartered commented, “I am delighted to welcome Sanjay back home to Tanzania and to our team in East Africa, following his successes in his various roles within the Group. Additionally, I am delighted that the country now has its first local CEO, a testimony of the country’s richness in talent and capabilities. We continue to place our best people in top jobs in Africa as we strive to make the strongest possible social and economic contribution to the countries we operate in.” 

Tanzania remains core to the Bank’s regional and East African strategy, given the market has seen sustained, strong growth for over a decade. The economy is a member of Standard Chartered’s ‘7% Club’ – a list of economies which have growth rates high enough to double the size of the economy in the next 10 years. 

On taking up the new role as the Chief Executive Officer for the Bank in Tanzania, Sanjay Rughani said, “Tanzania holds so many opportunities and I’m excited to be returning home to lead Standard Chartered Bank Tanzania to the next level of growth. The country is playing an increasingly important role in our East African strategy, given the broad-based nature of its economic growth. Additionally, Tanzania’s discovery of 15 trillion cubic feet of gas reserves off its shores is also expected to drive developments in the near-term.”

Sanjay’s professional credentials and qualifications include being a Chartered Accountant, an ACCA member and a Fellow in Institute of Information Management Africa (Nigeria). He holds an MBA in Finance and has a Management Post Graduate qualification in Human Resource Development and a Bachelor of Commerce. 

Sanjay has also held important governance representations, key amongst them include being a current Non-Executive Director for Standard Chartered Bank Uganda and member of the Professional Accountants in Business Committee of International Federation of Accountants (IFAC). Sanjay is married and has two children.