APPOINTMENT OF BOARD CHAIRMAN I&M BANK (T) LIMITED.
The Board of Directors of I&M Bank (T) Limited is pleased to announce the
appointment of Mr. Madabhushi Soundararajan as the Board Chairman, with
effect from 24th January 2024. Mr. Soundararajan was appointed to the
Board of I&M Bank (T) Limited on 29th November 2023 as an Independent
Mr. Soundararajan’s illustrious banking career spans about four decades,
initially in India and the United States of America and then in Kenya from
1988. He has held senior executive and leadership positions in Standard
Chartered Financial Services as Assistant Director, Corporate Finance,
Commercial Bank of Africa (now NCBA) as Director, Corporate Banking, CFC
Financial Services (now SBG Securities) as its first Managing Director and CFC
Bank as Managing Director before its acquisition by Stanbic Bank in 2008. He
is currently the Country Head of Meghraj Group of Companies in Kenya.
Mr. Soundararajan also serves on the Board of I&M Bank Kenya where he has
been an Independent Non-Executive Director since 2009. He also sits on the
boards of GA Insurance, GA Life Assurance, GA Insurance-Tanzania and Car &
General (Kenya) Plc. He served on the board of Central Depository &
Settlement Corporation (CDSC) for four years from 2004 to 2008.
Mr. Soundararajan holds a Master of Arts degree from Madras University,
India and a Certificate in International Banking from New York University.
BY ORDER OF THE BOARD
24th JANUARY 2024