Australia and New Zealand Banking Group (ANZ) has named Sanjeev Bajaj as new CEO for India, replacing Subhas DeGamia.
Bajaj will assume his new role in February next year, subject to regulatory approvals.
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In his new role, Bajaj will report to CEO International Banking Farhan Faruqui.
Bajaj joined ANZ from Credit Suisse where, he served as CEO Mumbai branch, managing director & head fixed income India since 2010.
Before to this, Bajaj worked as CEO, managing director and head of fixed income and international businesses at JM Financial and has also held senior roles with Bank of America Corp in India.
Additionally, the bank has promoted DeGamia to executive director super regional business development, international banking, based in Sydney. He will also work alongside Bajaj to lead the Indian business.
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By GlobalDataAndrew Géczy, CEO of international & institutional banking at ANZ, said: "Sanjeev’s deep banking experience in India and his reputation for building high-performing teams will be of significant benefit as we continue the expansion of our business with the addition of new branches in Gurgaon and outer Bengaluru."
Farhan Faruqui, CEO of international Banking at ANZ, said: "Subhas has been instrumental in building our strong franchise in India and we’re fortunate that in this new role he will continue to help our customers at a time when Australia and India look to finalise a free trade agreement."
