Four new DMDs -- Chandan Bhattacharya, N K Puri, N Sadasivan and S Santhanakrishnan -- will assume charge as and when the posts fall vacant.

Bhattacharya, at present, handles personal banking, N K Puri international banking group, S Santhanakrishnan corporate accounts group and N Sadasivan heads Mumbai circle. There were 11 aspirants for the four DMD posts.

The list of CGMs includes Mythili Rangarajan, CEO of SBI's Tokyo operations, is the second woman executive to be elevated to this level in the bank. The first woman CGM Shanta Raghavan retired in 1998.
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ICICI Bank to appoint 2 directors
Mumbai--ICICI Bank is inducting two new independent directors thereby expanding its 10-member board.

Top company sources said the bank would be inducting two directors with proficiencies in legal and technology matters. The bank is largely board driven and a good counsel from the board is of immense value.

The bank had recently appointed two wholetime directors Nachiket Mor and Chanda D Kochhar as executive directors, who would be in charge of their corporate and retail operations respectively.

The bank is also broadening its retail and corporate structure. In the retail front, the bank will concentrate this year on cross-selling and Internet banking.

The bank has appointed Ravi Krishnamuurthy to head the cross-sell group and Smita Aggarwal to head its call-centre operations.

It is also merging the two portals ICICIConnect (retail) and ICICI Infinity (Internet banking product) under a single umbrella of ICICIConnect.
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Trigent inducts three TCS executives
Bangalore--Trigent Software, a Bangalore-based application developer has appointed three former Tata Consultancy Services employees at senior levels
Jamuna Ravi, former senior executive with Tata Consultancy Services, has been appointed as vice-president and head of operations. She will have overall responsibility for project delivery, quality assurance, staffing and training. She has over 17 years of experience in software development.
Seetharaman Nagarajan, former CTO of Value Software Technology, has been appointed vice-president delivery management, technology leadership and general management-related operations.
Significantly, Jayesh Khatau, the US-based director and co-founder of Trigent, is relocating to India as executive vice-president, finance and administration.
Other senior appointments include promotions of Anil Nagaraj to the position of vice-president and manager of the UK Operations, and of Joseph Jayachandran to assistant vice-president, human resources.
Trigent was founded in 1995 and employs 250 people worldwide. Over 150 of the staff is posted in the Bangalore headquarters of the company.
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New director appointed for Orchid Pharma’s healthcare segment
Mumbai—Orchid Chemicals & Pharmaceuticals has appointed Mr AR Hegde as the director and chief executive officer in charge of Orchid Healthcare, the strategic business unit (SBU) for Orchid’s formulations business.
Prior to his appointment in Orchid, Mr Hedge was the managing director (MD) of Astra-IDL.
In a press statement issued on Thursday by Orchid, the company has said that Mr Hegde will be responsible for the overall conduct of the business, both domestic and export, of the formulations SBUs and managing its day to day affairs.
He has diverse experience of 33 years in the Indian pharmaceutical industry and has held senior positions in several reputed companies like Parke Davis, Ranbaxy, Hoechest, Max and Searl covering all aspects of pharmaceutical operations.
The company had earlier inducted Mr S Vijayaraghavan who has over 30 years of sales and marketing experience in the companies such as Cipla, Sun Pharma and Ranbaxy as chief of domestic marketing and sales.
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New CEO for Fimmda
Mumbai—Shivaprasad Laxman Chhatre of ICICI will take charge as the chief executive officer of the Fixed Income Money Market and Derivatives Association (Fimmda) from June 1, 2001. He takes over from B Ratnam and will be on deputation.

Mr B Ratnam, who joined Fimmda in September 1999, is retiring next month. Currently Mr Chhatre is with ICICI Bank as vice president (risk management).
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Local advisory boards of RBI reconstituted
Mumbai— The four local boards of the Reserve Bank of India (RBI) have been reconstituted by the government of India (GoI) The government has appointed members for a four-year term effect May 24, 2001.
For the northern area local board, Mr Prem Nath Khanna— chartered accountant, Mr Ram Nath — former vice chancellor of CSA University of Agriculture and Technology, Mr Mitha Lal Mehta—former chief secretary of Rajasthan and Mr Pritam Singh—director of Indian Institute of Management have been appointed.
They replace Mr Shobhan Bhartia, Mr Brij Mohan Lall and Mr DH Pat Panandikar as members on the northern board, the RBI said.
For the western area local board, Mr K Venkatesan — former executive director of Asian Development Bank,
Mr Dattaraj V Salgaokar — managing director of VM Salgaokar & Bro Ltd, Mr Jayanti Lal Bhavjibhai Patel — vice principal of SB Garda College and Prof Mahendra Singh Sodha — director of Institute of Technology and Management have been nominated, replacing Mr Bakul H Dholakia, Mr Pradip Pannalal Shah, Mr Neeklkanth A Kalyani and Mr Inder Chand Jain.
The eastern local board will consist of Mr AK Saikia and Mr Sovan Kanungo, retired IAS, Mr PD Chittalangiya, industrialist and Ms Kiran Ghai, reader of Patna Women’s College, the RBI release said, adding that the two existing members, Mr Subrata Ganguly and Mr Subir Chowdhury have ceased to be on the board.
On the southern board, Mr Ashok Kumar Lahiri of National Institute of Public Finance and Policy, Mr Nair Chellappan Parameswaran, retired chief secretary of Kerala, Mr S Ramachander — director of Institute of Financial Management and Research; and Mr M Govind Rao — director of Institute for Social and Economic Change have been appointed while Mr N Shankar and Mr D Seetharamaiah have ceased to be members.
These members are in addition to the appointment of Mr Mihir Rakshit, Mr APJ Abdul Kalam,
Mr YH Malegam and Mr K Madhava Rao to the eastern, northern, western and southern area local boards of the bank respectively with effect from November 27, 2000, the RBI said.
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