Gill Started With Deutsche in 1991
“The panel had initially shortlisted eight names including a CEO from an insurance company, present and former executives from HDFC Bank and also some Indian expat CEOs from abroad,” said the second person. “Many of them declined any interest in the bank and these two names have finally made the cut.”
Among the people who were approached but said they weren’t interested were Rajesh Sud, vicechairman at Max Life Insurance, ET had reported earlier this month. Another Dubai-based foreign banker of Indian origin also confirmed that he had declined an offer.
“With Gill and Monga in the fray, the bank board thinks they have two strong candidates,” said the first person. “Monga has been with the bank almost since inception and is ready to take over from tomorrow. Gill has been Deutsche India CEO since 2012 and has been granted an all-clear by RBI just in July 2018. His experience and pedigree cannot be ignored.”
Yes Bank did not respond to queries. Gill did not reply to an email, calls and a message sent to his phone. Deutsche Bank declined to comment.
Gill has spent his 32-year banking career at the German lender, starting in 1991 in private banking and taking over as India CEO in July 2012. Gill has handled capital markets, treasury, structured finance, foreign exchange, transaction banking, risk management and private banking.