Shrinath Bolloju, currently managing director (MD) and group COO, Sanjay Agarwal, MD and head of corporate finance, and Ravneet Singh Gill, head, corporate banking are the front runners to become Deutsche Bank’s CEO for India after the elevation of Gunit Chadha who has been named co-CEO, Asia Pacific operations, a source told HT.
Chadha, 50, CEO and country head of its India operations, will soon relocate to Singapore and will share the corner office with Alan Cloete, currently head of DB’s global finance and foreign exchange in London. The duo are expected to take charge from May end.
Both Chadha and Cloete will also be part of the expanded global executive committee of DB, which will now have 18 members, up from the current 12.
Anshu Jain, co-CEO of DB along with Jürgen Fitschen, also take charge of their new office from end of May.
“The new co-CEO structure in Asia Pacific reflects Deutsche Bank’s large scale of operations and investment across 17 countries, its business success, and the significant potential of the region,” said the bank, explaining dual CEO structure.
Incidentally, apart from sharing the country of origin, both Chadha and Jain are ardent cricket followers. Among Chadha’s proud possessions is a cricket bat autographed by the entire Australian test cricket team displayed in his office.
Chadha, who joined DB in 2003 is credited with rolling out and expanding the bank’s presence in retail banking, investment banking, equity broking and asset management business in India.