Federal Bank has appointed Venkatraman Venkateswaran as its new Executive Director. He was previously the Group President and Chief Financial Officer (CFO) of the bank. He was promoted after Shalini Warrier, who earlier held the role, left the bank. His appointment has been approved by the Reserve Bank of India and will take on the role starting July 10 for a term of three years.
Professional Experience of Venkatraman Venkateswaran
- Venkateswaran is a Chartered Accountant and has over 33 years of experience.
- He joined Federal Bank in April 2021 as Group President. Before that, he held senior roles at Standard Chartered and HSBC.
- Before working in banking, Venkateswaran spent over 10 years in the manufacturing industry.
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In his time at the bank, he has managed many important areas, including financial reporting, tax matters, loan approvals and recovery, and daily operations. He has also worked on the bank’s CSR (Corporate Social Responsibility) activities, helped with investor relations, and led planning and data systems.
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He has also been in charge of the bank’s IT systems and guided FedServ, a company owned fully by the bank.
Venkateswaran will first take on the role of Additional Executive Director until shareholders approve his appointment at the upcoming Annual General Meeting or within three months, whichever comes first. The bank confirmed that Venkateswaran does not have any family connections with other directors and there is no reason under regulations that would prevent him from taking up this new role.