Mumbai, August 31, 2021: Pursuant to approval of the Board of Directors, basis the recommendation of the Nomination & Remuneration Committee of the Board, YES BANK announces the appointment of Mr. Atul Malik and Ms. Rekha Murthy as Non-Executive Directors, effective August 30, 2021 (Profiles attached).
With these appointments, YES BANK’s Board constitution is as follows:
· Mr. Sunil Mehta, Chairman
· Mr. Prashant Kumar, Managing Director and CEO
· Mr. Atul Bheda, Non-Executive Director
· Mr. Mahesh Krishnamurti, Non- Executive Director
· Mr. R Gandhi, Additional Director appointed by RBI
· Mr. Ananth Narayan Gopalakrishnan, Additional Director appointed by RBI
· Mr. V S Radhakrishnan, SBI Nominee Director
· Mr. Ravindra Pandey, SBI Nominee Director
· Mr. Atul Malik, Non-Executive Director
· Ms. Rekha Murthy, Non-Executive Director
Speaking on the occasion, Prashant Kumar, Managing Director & CEO, YES BANK, said, “We are pleased to welcome the two new Non-Executive Directors to the Board. Their global experience in driving significant business growth, exhaustive knowledge of the industry, and professional expertise in advising large international enterprises will be invaluable as we continue to strengthen and grow YES BANK. Further, Ms. Rekha Murthy’s extensive background in technological transformation and change management along with Mr. Atul Malik’s wide-ranging experience as a veteran banker are ideal for accelerating the organization’s transformation – by advancing innovation, developing strategic alliances and elevating customer experience.”
Profile – Mr. Atul Malik
Mr. Atul Malik is a veteran banker with more than 30 years of widespread experience. Mr. Malik is currently a Senior Advisor to TPG for their financial services portfolio. He represents TPG as the Chairman of UBC, one of the largest private sector banks in Sri Lanka.
Previously, he was a Senior Advisor to General Atlantic for their financial services portfolio.
Prior to joining General Atlantic, he was the CEO of Maritime Bank, one of the largest private banks in Vietnam, from 2012 to 2015 and a Senior Advisor to Asia Capital & Advisors, a boutique private equity firm, from 2011 to 2012.
Between 2007 and 2011, he was the Managing Director/Regional Head Asia – Private and Business Clients of Deutsche Bank with operations covering India, China and Vietnam. During this period, he was also a member of the DB Asia Pacific Executive Committee and the Global Private and Business Clients (PBC) Executive Committee, and was nominated as the Non-Executive Director of DB China Ltd.
During his 20-year-long career at Citibank that commenced in 1988 with Citibank India, Mr. Malik held a variety of senior roles, the last of which was as the Chief Executive Officer of Citibank Hong Kong (2004 to 2007).
Mr. Malik holds a Master’s degree in Business Administration from the Rice University, USA (1987) and B Tech Degree from IIT Bombay (1985).
Profile – Ms. Rekha Murthy
Ms. Rekha Murthy has nearly 30 years of extensive global experience in the Technology sector across India, Asia Pacific and the USA. Her professional experience spans a successful career in cross-functional operations, P&L oversight, global sales, new market development, strategic marketing and distribution. She has held senior and country leadership roles at leading global companies such as IBM, Harvard Business School Publishing, Wyse Technology, SAP, PeopleSoft, Digital Equipment Corporation and Korn Ferry International.
She is currently engaged with start-ups in an advisory role and as a mentor.
Her areas of interest are building leadership and management skills, global strategy, business and technology transformation and change management. She has extensive experience in advising and providing technology solutions to large enterprises across industries.
Ms. Murthy is an alumna of Harvard Business School and Indian Institute of Management, Bangalore and holds a Bachelor’s degree in Engineering, Electronics and Telecommunications from Bangalore University.