Ex-Standard Chartered Bank CIO Yusuf Roopawalla joins Bank of India as CTO

Bank of India (BOI) has appointed banking technology veteran Yusuf Roopawalla as chief technology officer (CTO).

Roopawalla joined BOI from British multinational bank Standard Chartered Bank, where he served for over 30 years. He left Standard Chartered Bank earlier this month, where he last served as chief information officer (CIO), India and South Asia, from July 2019.

“I am excited to announce that I have joined Bank of India from 18th July 2023 as Chief Technology Officer (CTO), where I will be taking on new challenges and embracing great opportunities. I continue being in Mumbai and am looking forward to contributing to the success and growth of Bank of India,” Roopawalla said in a LinkedIn post on 22 July.

At BOI, Roopawalla will lead the bank’s technology decisions, create a roadmap and work with other decision makers to optimise various IT services and investments to improve ROI and bring efficiency.

Roopawalla started as an IT analyst in the Standard Chartered bank in April 1993 and then rose through the ranks to become the CIO. He was responsible for business partnership and maintaining the Bank's Technology infrastructure capability. He also supported the business activities across the business segments and contributed significantly in the company’s growth and profit.

On a separate post, he wrote, “Friday 7th July 2023, marks the end of my 30 year journey at Standard Chartered Bank. I’m grateful to the organisation for providing me with the opportunity to learn and grow”. He ended the note by thanking the entire team and wrote that his “experience at Standard Chartered Bank has been tremendously fulfilling and enlightening”.

Prior to joining Standard Chartered Bank, he has worked as a research analyst and visiting scientist at the Centre for Development of Advanced Computing (CDAC) (formerly called National Centre for Software Technology (NCST), an Indian autonomous scientific society, operating under the Ministry of Electronics and Information Technology.

Roopawalla has vast experience in leading technology teams and strategy for banking, project and program governance, payment industry and systems. He also leads technology teams that develop and implement trading systems, banking technology regulatory and risk management, core banking systems management, electronic trading platforms, and process engineering and re-engineering, apart from merger and acquisition (M&A) technology integration.

Roopawalla completed his bachelors of engineering in electronics from the University of Mumbai and a post-graduation in computer Science from NCST (now CDAC).