REG - Axis Bank Ltd - APPOINTMENT OF AMITABH CHAUDHRY AS THE MD & CEO

Axis BankAnnouncement

10/12/2018 07:10

RNS Number : 9327J
Axis Bank Limited
10 December 2018
 


 
AXIS/CO/CS/723/2018-19
 
8th December 2018
 
Dear Sir(s),
 
SUB.:    Appointment Of Shri Amitabh Chaudhry As The Managing Director & CEO Of Axis Bank Limited
REF:     REGULATION 30 OF SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015 (THE LISTING REGULATION)
 
This is further to our letter no. AXIS/CO/CS/473/2018-19 dated 8th September 2018, on the captioned subject.
 
In this connection, we wish to inform you that the Board of Directors of the Bank at its meeting held today has appointed Shri Amitabh Chaudhry (DIN: 00531120) as an Additional Director of the Bank and to hold office as such till the conclusion of the ensuing Annual General Meeting and as the Managing Director & CEO of the Bank, for a period of 3 years, with effect from 1st January 2019 on the terms and conditions relating to the said appointment, including remuneration, as approved by the RBI, subject to the approval of the Shareholders of the Bank.
  
The brief profile of Shri Amitabh Chaudhry is enclosed herewith as Annexure A.
 
Further, please note that Shri Amitabh Chaudhry is not related to any other Directors or Key Managerial Personnel of the Bank.
 
You are requested to take note of above and arrange to bring it to the notice of all concerned.
 
Thanking you.
 
Yours sincerely,
For Axis Bank Limited
 
 
 
Girish V. Koliyote
Company Secretary
 
Encl: As above
 
 
 
ANNEXURE A
 
Shri Amitabh Chaudhry, age 54 years, was the Managing Director & CEO of HDFC Standard Life Insurance Company Ltd ("HDFC Life"). He has been associated with HDFC Life since January 2010.
 
Shri Chaudhry is a B. Tech in (Electronics & Electricals) from the Birla Institute of Technology & Science, Pilani and is an alumnus of Indian Institute of Management, Ahmedabad.
 
Shri Chaudhry started his career in the Corporate Banking with Bank of America in 1987, where he worked in diverse roles ranging from Country Finance Officer, Head of Wholesale and GCMG Finance in Asia Division and thereafter as Managing Director and Head Technology Investment Banking, Asia. Shri Chaudhry was also associated with CALYON Bank (formerly Credit Lyonnais Securities Asia (CLSA), as its Managing Director, Head South East Asian Investment Banking and Head Technology Investment Banking.  Prior to joining HDFC Life, he joined Infosys BPO Ltd. in 2003 and was elevated as its Managing Director & CEO in 2006. He was also Head - Independent Validation & Testing Unit (IVS) of Infosys Technologies Ltd.
 
 
 




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