The Hindu Business Line : Senior ICICI, HSBC executives join Dhanalakshmi Bank

MUMBAI: Private sector Dhanalakshmi Bank has successfully wooed several senior professionals from various banks and corporate houses to build a top-quality management team and transform itself into a next-gen banking powerhouse.

Senior management personnel from ICICI Bank, HSBC, IDFC, Zee and Siemens have been brought on the company's board to give a new thrust to the bank that aims to enter into the top-five league of private banks in the next five years, its Managing Director and CEO, Mr Amitabh Chaturvedi said here.

Among the first of such appointees are Mr Anand Gupta and Mr Sachin Sikka from ICICI Bank, the country's largest lender in the private sector.

While Mr Gupta has joined the Kerala-based bank as Head, ATM and Net Banking, Mr Sachin Sikka has been appointed Retail Head at Dhanalakshmi Bank, Delhi.

Mr Bipin Kabra from Zee joined the bank as its Chief Financial Officer (CFO) in mid-January.

“We plan to enter new lines of business and rejuvenate our existing ones. The new team will essay a crucial role in this exercise,” Mr Chaturvedi said.

Treasury operations will be headed by Mr Manish Saraf, who joined the bank last week.

Dhanalakshmi has identified human resources as a key focus area and accordingly recruited Mr Manish Kumar from IDFC to head this vital function.

“At present, the average age of our personnel is in the 54-55 year bracket. Our plan is to have a young and professional management cadre,” Mr Chaturvedi said. - PTI

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