Page 23 - Banking Finance August 2017

NEW APPOINTMENTS

PEOPLE ON THE MOVE

Mukesh Kumar Jain is the new face of Oriental Bank

The Central Government has recently appointed Mr. Mukesh Kumar Jain as Managing Director and
Chief Executive Officer of Oriental Bank of Commerce for a period of 3 years. Before this he was an
Executive director at Punjab & Sind Bank. He would be joining OBC, in the place of Mr. Animesh
Chauhan who has superannuated.
Mukesh Kr Jain
Kewal Handa in new Chairman of Union Bank

Kewal Handa has been appointed Chairman and part-time non-official Director of Union Bank of India.
Handa is a qualified Management Accountant and Company Secretary and holds a Master’s degree in
Commerce. He has also completed IIM-Ahmedabad’s Senior Management Development Programme.
Handa was Managing Director of Pfizer India from 2005 to 2012. He was also Managing Director of
Wyeth from 2009 to 2012. Handa has experience in finance, strategy, business development, mergers
and acquisitions, banking and corporate affairs, among others. Kewal Handa

Shinjini as Consumer Business Manager-Citi Bank

Citi Bank announced the appointment of Shinjini Kumar as Consumer Business Manager, Global Con-
sumer Banking, India, effective June 24. Shinjini would look after all of Citi's consumer businesses in-
cluding retail banking, wealth management, cards and mortgages in India. Her latest stint was with
Paytm where she served as Chief Executive Officer.
Shinjini Kumar
Economic Affairs Secretary - Subhash Garg
Senior bureaucrat Subhash Chandra Garg succeeds Shaktikanta Das and took charge as Secretary of
the Department of Economic Affairs (DEA) in the Finance Ministry.
He will oversee capital markets, Budget preparation as well as infrastructure financing and decide on
borrowing, along with RBI. He will also decide on funding by multilateral institutions.
Garg has widespread administrative experience with more than 30 years of service during which he
Subhash Garg
handled key assignments, including administrative postings in his home state Rajasthan, a Finance
Ministry statement said.
Garg has also worked with the Central Government in various capacities.
He was posted as Director, DEA, Ministry of Finance, from May 2000 to September 2003. Later, he took over as Joint
Secretary, Department of Expenditure, with the same Ministry and continued to hold that position till May 2005.

BANKING FINANCE | AUGUST | 2017 | 23

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