Bank of America set to appoint Vikram Sahu as new country head for India, ET BFSI
MUMBAI – Bank of America Corp is ready to nominate Vikram Sahu as the brand new nation govt for its India enterprise, based on a memo reviewed by Reuters.
Sahu, who’s at present head of global equity research based mostly out of New York, will substitute Kaku Nakhate because the India nation govt.
Sahu will transfer to India within the second quarter to imagine management of the India franchise, the memo stated.
Nakhate has headed the financial institution’s India operations for 15 years. She’s going to retain the place of chief govt officer of the India regulated entity until the Reserve Bank of India approves Sahu’s appointment.
A spokesperson for Financial institution of America in India declined to remark.
(Reporting by Ira Dugal; Enhancing by Rashmi Aich)
