Active Stocks
Tue Mar 19 2024 15:11:09
  1. Tata Consultancy Services share price
  2. 3,979.30 -3.99%
  1. Tata Steel share price
  2. 148.75 -0.57%
  1. Bharti Airtel share price
  2. 1,230.85 0.47%
  1. Power Grid Corporation Of India share price
  2. 258.75 -2.36%
  1. ITC share price
  2. 409.50 -1.89%
Business News/ Home-page / Madhavi Puri Buch may become chief of ICICI Securities
BackBack

Madhavi Puri Buch may become chief of ICICI Securities

Madhavi Puri Buch may become chief of ICICI Securities

Premium

New Delhi: The country’s largest private sector lender, ICICI Bank, may consider appointing its executive director Madhavi Puri Buch as the chief of its investment banking arm, ICICI Securities.

The board of directors of ICICI Bank is meeting Monday and besides other issues it may consider appointment of two new functional directors in the place of K. V. Kamath and Buch.

Buch, if approved by board, would replace S. Mukherji as managing director of ICICI Securities, sources close to the development said.

At present, Madhabi Puri Buch is the executive director on the board of ICICI Bank and manages the global markets business covering treasury solutions, the global operations group covering operations and transaction processing for retail, corporate, international and rural banking.

Besides, she continues to be the chief brand officer for the ICICI Group and also looks after the quality and organisational excellence function of the bank.

When contacted, ICICI spokesperson refused to comment on the board meeting.

The development comes less than 15 days after the board decided to appoint Chanda Kochhar as successor of current MD and CEO K. V. Kamath, who demits office on 30 April.

Kamath would become a non-executive chairman after his retirement as ICICI Bank CEO and MD on 30 April. He would hold the post for five years.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 04 Jan 2009, 01:39 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App