A recent press report said that IndusInd Bank has appointed Mr. Arun Khurana as its new head of global markets group. He has succeeded Moses Harding who was leading global market group till now and is going to take a new assignment as head of ALCO and economic & market research reporting directly to IndusInd Bank chief executive Mr. Romesh Sobti.
Mr. Khurana was earlier with Royal Bank of Scotland (RBS), Singapore. He was the regional head corporate solutions for the Asia-Pacific and has also worked with RBS, India. He will also report to Mr. Sobti in his new assignment.
Mr. Sobti said Mr. Khurana who has played the advisory role to several European and American corporate will help the bank to expand its presence in the international market.
Reports said that the bank hired Mr. Rajeev Mahrotri as head of trading who has served in senior roles at BNP Paribas. IndusInd has also planned to make other senior level hires within the global market function specially to boost the treasury business.
IndusInd Bank was established in 1994 and has 350 branches and 666 ATMs in across country’s 247 geographic locations till September 30, 2011. Earlier this year, the bank had bought Deutsche Bank’s India credit card business. The loan portfolio of the bank includes home loans, personal loans, car loans, education loan, mortgage loans etc.