Barclays Welcomes New Executives Post Restructuring
Barclays PLC has appointed new executives to its top management in India, the lender's largest overseas market.
According to people familiar with the matter, Pramod Kumar will be the new Chief Executive Officer, succeeding Ram Gopal, who is retiring after leading the bank in the country for nearly six years. The British bank also hired Suneeta Shetty from HSBC Holdings Plc as its India Chief Operating Officer.
Kumar joined Barclays almost 12 years ago and is now the country's head of banking under its investment bank division, according to his LinkedIn profile.
Shetty has been with HSBC for over 17 years, with her most recent position as group head of transaction monitoring operations and centre director at GSC Krakow in Poland, according to her LinkedIn profile.
Jaideep Khanna, Barclays' Asia Pacific head, is based in the country, helping to maintain close ties with India's growing ranks of corporate titans and wealthy. The bank's restructured India team will face increased competition from rivals such as HSBC Holdings Plc and HDFC Bank Ltd., both of which are expanding their local operations, as well as the turmoil surrounding a key client, the Adani group.
Taranjit Jaswal, the firm's India head of corporate banking, has left after eight years to pursue his entrepreneurial dreams. According to a separate memo, Sandeep Das, its head of private clients in the country, has also left to pursue another opportunity. Previously, Ashish Jhaveri, the bank's head of mergers and acquisitions for India, left to join Jefferies Financial Group Inc., according to people familiar with the matter.
According to a memo, Barclays hired Nitin Singh as its new private bank head in Asia, with the newly created role based in Mumbai and encompassing the India and Singapore operations. Vijay Santhanam will take over as head of corporate banking, and Chintan Thattey will lead the country's Risk Solutions Group.