State-run Bank of Baroda has said it has appointed Ratnesh Kumar as managing director and CEO of its investment banking subsidiary, BOB Capital Markets. Kumar has 23 years of experience and has held key leadership roles, last being the managing director, head- cash equities India and CEO of Standard Chartered Securities India. Kumar holds a Master degree in Management from FMS, University of Delhi, and M.Sc.
(Hons) in Physics & B.E. (Hons) in Electrical and Electronics Engineering from BITS, Pilani.
The public sector bank in a statement said Kumar started his career in the Indian capital markets and financial services sector in 1993.
During the past 23 years he has had diverse experience and has held key leadership roles, the last being Managing Director, Head-Cash Equities India & CEO of Standard Chartered Securities India, wherein the main business segments included institutional brokerage, equity capital markets, equity research and retail broking.
Bank of Baroda
Bank of Baroda is an Indian state-owned banking and financial services company headquartered in Vadodara (earlier known as Baroda) in Gujarat, India. It is the second largest bank in India, next to State Bank of India. Its headquarters is in Vadodara, it has a corporate office in the Bandra Kurla Complex in Mumbai.
The bank was founded by the Maharaja of Baroda, Maharaja Sayajirao Gaekwad III on 20 July 1908 in the Princely State of Baroda, in Gujarat.
The bank, along with 13 other major commercial banks of India, was nationalized on 19 July 1969, by the Government of India and has been designated as a profit-making public sector undertaking (PSU).
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