ING Vysya overhauls top team

Heads of operations and retail management quit

Private lender ING Vysya Bank has shufffled its top deck and made senior-level appointments across its operations, information technology, retail banking and audit divisions.

Ashok Rao B has been promoted as chief operating officer; he was earlier the chief auditor. He will take over the new role from October 1. Anantha Raman R, earlier the group head, products-retail liabilities, will succeed Rao as chief auditor of the bank.

Shailendra Bhandari, managing director and chief executive officer, said: “This is in line with the bank’s philosophy to groom internal talent. Keeping in mind our ambitious growth plans, we continue to develop our leadership pipeline with job rotation, stretch assignments and international exposure.”

Ambuj Chandna, group head of branch banking, will be the chief distribution officer-retail liabilities, from October 13. Sonalee Panda is chief marketing officer from the same data, after being group head at marketing, wealth management and private clients.

On the other hand, the bank said Brett Morgan, country head for branch banking, marketing and private clients, and A Meenakshi, the head of operations, had resigned. It said Morgan would be moving back to Australia to pursue new opportunities and Meenakshi will pursue opportunities outside the bank. It gave no details.

In this round of overhaul, apart from the head of retail and operations, the other positions have been created anew.