ABN Amro corporate banking chief resigns; joins Credit Lyonnais
Mumbai-- Raveendra Kumar, ABN Amro's head of corporate banking (Western region), has resigned.
He is expected to join Credit Lyonnais as executive vice-president and the Indian head of Credit Lyonnais' corporate finance division, responsible for the launch and management of all products of Credit Lyonnais in India. The bank would focus on syndication and the debt market, among other things.
Kumar confirmed the development, but declined to make further comments.
Kumar joined ABN Amro six years ago as a senior accounts manager, before climbing up the ladder to head the corporate finance portfolio for the Western region in a short span of time. He was responsible for assisting corporates such as Reliance, Mahindra & Mahindra, Ford, Gujarat Ambuja Cements in a few major fund-raising programmes, banking sources said.
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