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Private sector lender YES Bank has selected global leadership advisory firm Korn Ferry to help find a successor to its Managing Director and CEO Rana Kapoor.
“Based on assessments and presentations made by global advisory firms, the search and selection committee has mandated Korn Ferry to assist the committee in evaluating candidates,” the lender said in a statement, on Thursday, after the first meeting of the search panel.
“While we appreciate that the timelines are demanding and typically need six-nine months, we are confident that we will be able to help the YES Bank board in identifying an entrepreneurial and effective leader to succeed Rana Kapoor as the MD and CEO of YES Bank,” said Monica Agrawal, Head – Financial Services and Co-head – Board Services, Korn Ferry.
After the Reserve Bank of India last month cut short Kapoor’s term and asked him to step down after January 1, YES Bank had begun scouting for a new chief and had set up a search panel, which would be advised by a global leadership advisory firm.
It had invited proposals from four global leadership advisory firms specialising in BFSI to assist the search committee.
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