Gande To Take Reins At Global Trust Bank In March

The Global Trust Bank (GTB) is pinning its hopes on its newly appointed managing director and chief executive officer, Sudhakar Gande, to put it on a high-growth path again.

Sudhakar, who will assume charge in the first week of March, has worked at American Express Bank for more than a decade in various capacities. The last position he held was that of a senior director.

"He is a modern, young banker. His exposure, both in domestic and international markets, to corporate finance, investment banking, business strategies and debt restructuring will help him lead the GTB team," a senior GTB official said.

After leaving American Express in 1995, Sudhakar promoted Lexicon Consultancy in Mumbai. As a consultant, he was involved in roping in Bank Brussels Lambert (BBL), a subsidiary of ING Barings, as a strategic partner of Vysya Bank a few years ago.

GTB recently split the chairman and managing director's (CMD) post into that of a non-executive chairman and a managing director. It proposes to appoint a retired banker as its non-executive chairman soon.