AfrAsia Bank announces its new Chairman

AfrAsia Bank is pleased to welcome its new Chairman, Mr Inderjit Bedi, who has been appointed by the Board members at the Board Meeting held on 30 November 2020. Mr Bedi was selected for this position unanimously with an earlier recommendation by the Corporate Governance Committee.

AfrAsia Bank is pleased to welcome its new Chairman, Mr Inderjit Bedi, who has been appointed by the Board members at the Board Meeting held on 30 November 2020. Mr Bedi was selected for this position unanimously with an earlier recommendation by the Corporate Governance Committee.

Mr Bedi, a British citizen, is a banker with over 30 years’ experience in both commercial and investment banking. He has occupied senior management positions at some of the most prestigious and largest global financial institutions. Prior to setting up his own firm, BellHouse Capital in the UK, he had been a Member of the London Management Board at UniCredit/HVB for 4 years where he oversaw all the capital markets and distribution activity in London and also supported the integration effort when Italy’s UniCredit acquired Germany’s HypoVereinsbank.

“I am honoured to chair the new Board which, alongside my colleagues at the Board, will propel and support the Bank’s future growth trajectory and deliver progress in the challenging environment currently confronting us. We remain committed to collectively strengthen AfrAsia’s domestic foothold while expanding its reach on a regional and global front”, states Mr Bedi.

Commenting on the appointment of the new Chairman, Sanjiv Bhasin, CEO AfrAsia Bank shared: “We are confident that, with Mr Bedi’s proven leadership and our Directors’ complementary skills and experience, we are well-positioned to steward AfrAsia Bank to strengthen its market position amongst its peers focusing on customer experience, innovation, teamwork and prudent risk management”.

Reflecting on AfrAsia Bank’s growth over the past years, Mr Bedi also highlights that the Bank’s journey and achievements have been commendable since inception. “The Bank is well positioned with a strong executive team leading its strategy and operations. As I look ahead to AfrAsia’s future, I see a number of opportunities which we can capitalise on to progress further expanding the customer and regional footprint meaningfully and adding to the franchise value in a sustainable fashion.”, he added.