IndusInd Bank said to hire headhunter to find CEO, MD, BFSI News, ET BFSI
Mumbai: IndusInd Bank, at present within the midst of a disaster stemming from accounting gaps in its derivatives books, is claimed to have engaged world govt search agency Egon Zehnder to help within the seek for a brand new managing director and chief govt officer, two officers within the know stated.
RBI has authorized solely a one-year time period for incumbent Sumant Kathpalia because the chief govt.
Egon Zehnder will even assist shortlist candidates for the deputy CEO place. Financial institution’s board plans to submit an inventory of three candidates to RBI earlier than July.
“Board of administrators and promoters of IndusInd consider bringing in a brand new CEO and a completely recent administration crew will assist mitigate unfavourable fallout from RBI reducing the CEO’s tenure brief and the financial institution’s disclosure of a loss in its derivatives portfolio,” an official stated. IndusInd Financial institution didn’t reply to ET’s mailed question.
