ING Vysya rejigs retail banking management

ING Vysya Bank Ltd announced a top-level change in the Retail Banking division. In line with the bank’s ambitious growth plans for this business, retail division will now be structured into two verticals - Retail Assets and Branch Banking & Private clients.

Additionally, ING Vysya Bank has appointed Brett Morgan as the new Country Head, Branch Banking, Marketing & Private clients. Brett, who is a banking veteran with over 17 years experience, moves from ING DIRECT Australia and will be based out of Bangalore.

Since joining ING Direct in 1997, Morgan has accumulated a wealth of experience in mortgages, savings and payments, distribution channels, commercial property finance and operations as well as customer marketing, advertising and branding.

The bank has appointed Mahesh Dayani as the new Country Head for Retail Assets, who will be responsible for the entire Retail lending portfolio which includes Business Banking, Agri and Rural Banking, Gold Loans and Consumer Assets.

Mahesh joined the bank in April 2008 and has been responsible as Group Head for scaling up the Business Banking vertical into a “billion dollar business line” catapulting the bank into leaders in the SME lending segment. Uday Sareen, who was previously Country Head, Retail and Private Banking, is taking up an international assignment within the ING Group as Chief Strategy Officer at ING-DiBa in Germany. Mahesh Dayani and Brett Morgan will report directly into Shailendra Bhandari MD and CEO of the bank. Commenting on the development, Bhandari said, “We have a strong and growing retail portfolio which offers an array of products and services. I am happy to welcome Brett, who brings with him a wealth of experience on innovation and client engagement, which we will leverage to differentiate and scale up our business. Mahesh is a veteran in ING Vysya Bank, he will continue to accelerate the growth of our retail asset portfolio with an eye on credit quality. I also thank Uday for his tremendous contribution to the growth of our retail business over the last five years.”