Amitabh Chaudhary who is currently Managing Director of HDFC Life, has been appointed CEO & MD of Axis Bank, he will take over as MD & CEO for 3 years from January 1, 2019 and will remain in office till December 31, 2021. He will succeed to Shikha Sharma, current CEO of Axis Bank.
“Please note that a meeting of the Board will be convened in due course to inter alia, approve the appointment of Shri Amitabh Chaudhry as an additional director of the bank and as the Managing Director & CEO of the bank, in terms of the said RBI approval and subject to compliance with the prescribed formalities under extant law,” – Press Statement released on Saturday.
“After an extensive search, my fellow directors and I are pleased to welcome Amitabh as the Bank’s MD & CEO. Amitabh has a proven track record and is well-equipped to lead Axis Bank in pursuing its growth ambitions balanced with a strong emphasis on risk and compliance management,” said Sanjiv Misra, chairman, Axis Bank.
“I would like to thank the RBI and the Axis Bank Board for the privilege and honour given to me to lead this great institution,” Amitabh Chaudhry said.
Prior to joining HDFC Life, Amitabh Chaudhry was heading Infosys BPO. He was also the head of the independent validation and testing Unit of Infosys Technologies Ltd.
He started his career in the corporate banking with Bank of America in 1987, where before moving to CALYON Bank as its managing director, head south east Asian investment banking and Head technology investment banking.
Amitabh is a B. Tech in (Electronic & Electricals) from the Birla Institute of Technology & Science, Pilani and is an alumnus of Indian Institute of Management, Ahmedabad.