YES BANK announced on Friday the appointment of Ravneet Gill as its MD & CEO for a period of 3 years from 1 March 2019. While the Reserve Bank has cleared Gill’s appointment the shareholders will have to approve it at the ensuing Annual General Meeting of the Bank to be held in the month of June, 2019.
The Board of Directors of YES BANK have scheduled a special Board Meeting to be held on Tuesday, January 29, 2019, and will inter alia finalize on the delegation of powers for transition management in the interim period commencing from February 1, 2019 until Ravneet Gill assumes office.
Ravneet Gill is an eminent global banker with more than 3 decades of experience including more than 25 years with Deutsche Bank AG, the 11th largest bank in the World. He has led all key banking functions including Corporate Banking, Capital Markets and Treasury Solutions (CMTS), Investment Banking, Retail & Private banking at Deutsche Bank AG. Most recently, Ravneet Gill was re-appointed as the MD & CEO of Deutsche Bank, India for the 3rd term by RBI. Ravneet was also a Member, Management Committee of Indian Banks Association (IBA) from 2012 – 2018 and holds a Masters in Political Science from Hindu College, University of Delhi (Year 1985).
YES BANK also announced the appointment of Maheswar Sahu and Anil Jaggia as Additional Directors (Independent), with immediate effect. The appointmets will be subject to approval of Shareholders at the next Annual General Meeting of the Bank.
Mr Sahu is a former civil servant with over 30 years of leadership experience in Central and State Governments. He joined the Indian Administrative Service (IAS) in 1980 and has served the Government of India and Government of Gujarat in various capacities for more than three decades before retiring as Additional Chief Secretary, Govt. of Gujarat in 2014.
Mr. Jaggia has a long experience in the Banking and Financial Services covering HDFC Bank, Centurion Bank of Punjab and Citi Bank. A senior banker with an impeccable leadership track record, Mr. Jaggia brings in considerable expertise in Information Technology along with other areas such as Customer Service, Operations, Financial inclusion, Enterprise Transformation, Quality Improvement, and Administration. He is presently an Advisor and Consultant in Financial Services sector. He holds B. Tech. degree from IIT Kanpur and is a MBA (PGDM) from IIM Ahmedabad.
