Simon Morris Named CEO of Khan Bank

Khan Bank has announced that Simon Morris has joined the Bank as Chief Executive Officer, succeeding J. Peter Morrow who is retiring after ten years in the position. Mr. Morris joins Khan Bank after twenty five years with the international banking group Standard Chartered Bank (SCB) in Asia, Europe and Africa.

Bank Chairman Hideo Sawada commented, “Khan Bank has thrived over the past ten years, and we are delighted that Simon is joining us. He has exactly the experience to lead our success to another level.”

Mr. Sawada added, “We thank Pete Morrow for his service and are pleased that he has agreed to stay on at Khan Bank as an advisor and director for two more years, to provide continuity of our relationships with key clients and other stakeholders.”

Mr. Morrow commented, “It has been a privilege to lead Khan Bank for the past ten years, and to see it develop into Mongolia’s leading bank. I will continue to work hard to support Simon and all our colleagues for the Bank’s further growth.”

Mr. Morris comes to Khan Bank with extensive banking experience in international management, finance, corporate and consumer banking. From 2000 to 2010, Mr. Morris served as the Chief Executive Officer of SCB in Brunei, the Philippines, Indonesia, and most recently Sri Lanka. From 1997-2000 he served as Regional Head of Consumer Banking, Africa. Prior to that, he held positions as Regional Manager, Branch Manager and Divisional Finance Manager for SCB. He has also consulted on financial and development issues in a number of countries in Asia and Africa. Mr. Morris holds a Masters Degree in Business Administration from the Henley Business School, United Kingdom.

Mr. Morris holds a Masters Degree in Business Administration from the Henley Business School, United Kingdom.

Khan Bank, with 496 branches across all of Mongolia, is the largest bank in Mongolia, providing banking services to an estimated 80% of Mongolian households. The Bank finances corporate, small and medium businesses, consumers, and agriculture. As of 2009, 100 percent of the Bank’s branches are operating on a real time basis providing customers with direct access to all banking services from everywhere in Mongolia. At June 30 2010, the Bank’s total assets exceed MNT 1.4 trillion on a strong capital base of MNT 131 billion.
source: www.khanbank.com