Private lender, Axis Bank on October 27 in a stock exchange filing said that the bank’s board has decided to re-designate Rajiv Anand, Executive Director (Wholesale Banking) to Deputy Managing Director subject to regulatory and shareholder approval.
In addition to heading the wholesale banking business, Anand will closely work with the board in strengthening control and governance aspects, the bank said.
Axis Bank’s MD & CEO, Amitabh Chaudhary in a release said, “Rajiv has been instrumental in driving various key initiatives and has worked hand-in-hand with me to make the Bank a more robust, growth focused organization, as we drive transformation under our GPS strategy.”
Anand who is 55 years old had joined the bank in May 2013 from its asset management arm, Axis Asset Management Co. Ltd where he was the MD & CEO. Later on he was appointed as President (Retail Banking) and further elevated as the Group Executive (Retail Banking) in 2014. He was appointed as Director in May 2016 and Executive Director (Retail banking) in August 2016.
He took over as Executive Director (Wholesale Banking) in December 2018. Anand is a commerce graduate and a chartered accountant by qualification.
The bank in the exchange release said, “He is widely recognized for his strengths in capital markets and successfully building new businesses to scale. He is on numerous industry level committees of industry bodies like CII and Bombay Chamber of Commerce.”