Infrastructure finance company IDFC has appointed Avtar Monga as its Chief Operating Officer. Monga will be responsible for building the operating architecture for the new businesses that IDFC Group will launch.

Monga has more than three decades of experience in the banking and financial industry. Prior to joining IDFC, he was a senior executive with Bank of America and was responsible for running its Global Delivery Centres of Expertise globally. He has also worked as part of GE Capital’s India management team.  At GE, he led their Transport Financial Services business as its Chief Executive Officer. 

Monga has also served as Chief Executive of GE’s card joint venture — GEC BPMSL — with State Bank of India.