Management rejig at YES Bank
YES Bank has made changes in its senior management to turn itself into what it describes as a ‘technology company in the business of banking’.
The bank has brought in Raj Ahuja from Reliance Jio as its CFO and has realigned the job profile of the current CFO Rajat Monga, who will also head the digital banking and technology functions. Perhaps the appointment of Ahuja is in line with the RBI mandate that a bank CFO should also be a chartered accountant. The bank said in a statement
Monga will lead the bank’s evolution into a technology company in the business of banking, re-platforming the core technology platforms and further scaling up corporate and retail banking solutions. Monga will continue to head financial markets, balance sheet management, transaction banking and liabilities product management, but will also head the digital banking and technology functions. Ahuja will oversee financial management and will be involved in driving the financial performance. Meanwhile, Ajay Desai, who was president and CFO at the bank, has left the bank to join Rubique, an online marketplace providing technologyenabled end-to-end solutions to financing needs of individuals and SMEs, as its COO.