Mumbai, October 11, 2018
Further to the Bank’s Press Release dated October 5, 2018, YES BANK is pleased to announce the following update.
The Bank had invited proposals from four Global Leadership Advisory Firms specializing in BFSI to assist the ‘Search & Selection Committee’ in identifying a suitable successor to Shri Rana Kapoor, MD & CEO, YES BANK.
All members of the ‘Search & Selection Committee’ headed by Mr. Brahm Dutt and comprising of Lt. General Dr. Mukesh Sabharwal (Retd.) – Independent Director (Member – NRC), Mr. Subhash Chander Kalia, Non-Executive Non-Independent Director (Member – NRC), Mr. T S Vijayan, past Chairman of IRDAI and LIC and Mr. O P Bhatt, past Chairman, State Bank of India were present in the meeting.
Based on assessments and presentations made by these Global Advisory Firms, the ‘Search & Selection Committee’ has mandated Korn Ferry to assist the Committee in evaluating candidates.
About YES BANK
YES BANK, India’s fourth largest private sector bank is a high quality, customer centric and service driven Bank. Since inception in 2004, YES BANK has grown into a ‘Full Service Commercial Bank’ providing a complete range of products, services and technology driven digital offerings, catering to corporate, MSME & retail customers. YES BANK operates its Investment banking, Merchant banking & Brokerage businesses through YES SECURITIES and its Mutual Fund business through YES Asset Management (India) Limited, both wholly owned subsidiaries of the Bank. Headquartered in Mumbai, it has a pan-India presence across all 29 states and 7 Union Territories in India including an IBU at GIFT City, and a Representative Office in Abu Dhabi.
For more information, please visit the Bank’s website at http://www.yesbank.in/
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