YES Bank appoints advisory firm Korn ferry to find Rana Kapoor's successor

On September 25, the bank had announced plans to ask the central bank for an extension of Kapoor's term as MD & CEO, which led to the bank being accused of not having a proper succession plan in place

Private lender YES Bank announced that Los Angeles-based advisory firm, Korn Ferry will assist the bank’s committee in its selection of the new MD & CEO. The bank had announced that it would find a successor to MD & CEO Rana Kapoor whose term was cut short by the Reserve Bank of India (RBI).

The adivsory firm was appointed in a meeting held on Thursday. The meeting was attended by all members of the “Search and Selection” committee, said the bank in a filing to the exchanges.

Earlier, the bank had appointed two external members to the committee — namely T