StanChart's Neeraj Swaroop to head South East Asia

Neeraj Swaroop, chief executive officer, India and South Asia of Standard Chartered Bank, is slated to take over from Ray Ferguson as regional chief executive South-East Asia, at Singapore.

Swaroop may take up the assignment in the next three months.

Swaroop was head the retail business at private lender HDFC Bank Ltd before joining the bank in August 2005. 

The high point of Swaroop's stint came with the $588 million Indian depository receipts (IDRs) issued in May 2010. Standard Chartered Bank is the only overseas firm to take this route to list its shares in India. IDRs are securities representing an ownership interest in a fixed number of underlying equity shares of the issuing company.