SRINIVASAN AND JAYAKUMAR IN THE RACE FOR TOP JOB AT AXIS BANK

MUMBAI : V Srinivasan, deputy managing director of Axis Bank Ltd and P S Jayakumar, chief executive officer (CEO) of stateowned Bank of Baroda are two of the three names that Axis Bank has recommended for its CEO post, two people aware of the matter said.

The candidate, to be finalized by the Reserve Bank of India (RBI), will succeed Shikha Sharma as managing director and CEO of the country’s third largest private lender.

The names of Srinivasan and Jayakumar were recommended to RBI by the board of Axis Bank, following suggestions by Egon Zehnder, the headhunter hired for the purpose, the people cited above said on condition of anonymity. Axis Bank had on Tuesday said its board has shortlisted three candidates to succeed Sharma, leaving the choice of selection to RBI.

In an email response, a spokesperson for Egon Zehnder said, “Due to confidentiality considerations, we do not comment on our client work.”

Srinivasan and Jayakumar could not be reached for a comment, and an email sent to Axis Bank remained unanswered.

The board of Axis Bank will announce the CEO candidate after it hears from RBI, the bank said in a filing with the stock exchanges on Tuesday.