TISA Bank has appointed Kumaresh Chithravelu as the new Acting Deputy Chief Executive Officer, marking a pivotal step in the bank’s evolution.
Chithravelu, a Certified Practicing Account from Australia brings over 20 years of experience in Commercial Banking, Investment Banking, and Asset Management across leading global, APAC, and MENA financial institutions. His appointment follows the recent announcement of Luke Kaul as Acting CEO of TISA Bank.
TISA Group Chief Executive Officer, Michael Koisen, emphasized that this appointment is not only strategic but essential as TISA Bank looks to expand its footprints across the country.
Koisen said the bank’s goal is to provide innovative financial services and products specifically tailored for its market and people.
He further noted that with the appointment of Kumaresh, a proven strategist in the financial landscape, the bank is well-positioned to drive its financial inclusion mission across Papua New Guinea.
“The addition of Mr. Chithravelu to the executive team is expected to significantly strengthen the bank’s long- term strategic objectives and operational excellence,” said Koisen.
