• Director

     

    Adrianus (Ad) Kas, is Chief Risk Officer ING Direct NV and the Head of Risk Control & Coordination Retail Banking International (RBI) effective 1 March 2013. Ad started his career with ING in 1988 and worked in various senior risk positions over the past 25 years. He moved to Turkey in 2008 to become the Head of Risk Management. In 2009 he became an Executive Board Member for ING Turkey in charge of Credits and later, the Chief Credit Officer, ING Turkey. Ad is analytically strong, is able to dialogue with the most senior business leaders and is an excellent people manager, leading change in large departments successfully. He combines the wealth of commercial experience and risk expertise which makes him a good sparring partner for the business. He is very highly regarded and respected – both by the people in the business and those reporting to him. Since Ad joined ING in 1988 he has been performing very well, consistently exceeding the targets set. With his performance he earned the trust of the senior leaders, both within the business and in the Risk Management area. Ad is a Role Model within Risk, actively involving people working in his teams to reach the best results in a joint effort. He helps others to develop and grow in the professional environment taking the time to share his insights, knowledge and experience. Ad with his experience, knowledge, cross-border/cross-cultural perspective added substantially to the collective success of the ING Direct and Retail Banking International Line (RBIL) Management Team. Additionally, the RBI Management Team is in the process of building ‘One Bank’ within countries such as Germany, Italy, Spain, France and Australia. This involves combining activities of Commercial Banking and Retail banking (both traditional and Direct Banking) under one umbrella. Ad has worked extensively in such ‘One Bank’ in Turkey and therefore has hands-on, first-hand experience of how to integrate and run the Risk function to create a ‘One Bank Risk Management Environment’. [b]Other Directorships:[/b] •ING Bank Slaski

    Adrianus Johannes Antonius Kas

    Adrianus Johannes Antonius Kas

    Director


  • Director

     

    Mr. Mark Edwin Newman is a Chartered Accountant and has obtained Mathematics (Honours) degree from King’s College London. Mark Newman is Managing Director and Regional Head of Financial Markets, Asia. He started his career at Deloitte Haskins and Sells where he qualified as a Chartered Accountant before joining ING in 1992, in London. Mark had a number of internal audit and risk management roles in London before moving to Asia in 1996. Since then he held a number of positions within Financial Markets including Head of Structured Products, Asia and Head of Financial Markets Hong Kong, before being appointed as the Regional Head of Financial Markets, Asia in 2005. He is also Executive Management Board Member of ASIFMA (Asia Securities Industry and Financial Markets Association). Mark has spent over fourteen years in Asia and is currently responsible for all trading and sales activities in the region. He is a director of the Bank with effect from 20 Apr 2011.

    Mark Edwin Newman

    Mark Edwin Newman

    Director


  • Director

     

    Mr. M. Damodaran is the former Chairman of the Securities and Exchange Board of India (SEBI). He holds degrees in Economics and Law from the Universities of Madras and Delhi respectively. Mr. Damodaran, IAS (Retired), has over 30 years of experience in financial services and public sector enterprises. Apart from being the Joint secretary to Government of India, he has held various positions in the Ministry of Finance, the Ministry of Information and Broadcasting and in the Ministry of Commerce. He has also served as the Chairman and Managing Director of Industrial Development Bank of India (IDBI) and as Chairman of the Unit Trust of India (UTI). For his contribution, he has been awarded numerous prestigious awards. He was awarded the “ET Policy Change Agent of the Year” Award and Rotary Award for professional excellence. After his retirement from SEBI, Mr. Damodaran is practicing as an independent consultant in diverse areas of management. He is the Director of the Bank with effect from 21-Jul-2008.

    M Damodaran

    M Damodaran

    Director


  • Independent Director

     

    Mr. Kewal Handa has been Former Managing Director of Pfizer Limited, India since 2005. Prior to this, Mr. Kewal served as Executive Director - Finance, Pfizer Limited. Mr. Kewal was also Managing Director of Wyeth Ltd since 2009. Mr. Kewal has diverse experience in Finance, Commercial, Strategy and Business Development, Corporate Affairs etc. Prior to being the Finance Director of Pfizer Ltd., he was heading the Animal Health business of Pfizer India. Mr. Kewal also has experience in other sectors like Engineering, Consumer and Project Finance in companies like Schrader Scovill, HLL, Vidyut Blades & SICOM, Mr. Kewal is the past President of All India Management Association (AIMA), past Committee Member of the Confederation of Indian Industry (CII), a past member of the Managing Committee of the Bombay Chamber of Commerce & Industry and the Chairman of the Pharmaceutical Committee - ASSOCHAM. He is presently Governing Board of IIM Raipur and he was also a member of the Governing Boards of IIM, Ahmedabad. Mr. Kewal is a qualified Management Accountant and Company Secretary and has a Masters Degree in Commerce. He has completed the Pfizer Leadership Development Program from Harvard University and the Senior Management Development Program from IIM, Ahmedabad. He has also done a course on Marketing Strategy from Columbia Business School. Mr. Kewal was awarded the ‘India CFO 2004 – Excellence in Finance in an MNC’ by International Market – Assessment Group, the Bharat Shiromani Award in 2007 and the Pharma Leaders - Pharma Professional of the year 2010. Other Directorships: • Salus Lifecare Private Limited • Conexus Social Responsibility Services Private Limited • Medybiz Pharma Private Limited • The Third Eye Kreative Films LLP

    Mr. Kewal Handa

    Mr. Kewal Handa

    Independent Director


  • Independent Director

     

    Sanjeev Aga is an Honours graduate in Physics from St. Stephen's College, Delhi (1971) and a post graduate from the Indian Institute of Management, Kolkata (1973). Business leader, organisation builder, adviser and mentor, Mr. Sanjeev Aga's career has traversed four decades, and sectors from consumer and services, entertainment and light engineering, to telecommunications. In 1998, he took over as CEO of Birla AT&T and led the company through expansions, mergers and acquisitions to be CEO of Birla Tata AT&T, then renamed Idea Cellular. In 2002, Mr. Aga left Idea to be with the Aditya Birla Group, where from 2005 until 2006, he was Managing Director of Aditya Birla Nuvo, a mini-conglomerate with interests spanning various group businesses. With Idea's shareholding changing to become an Aditya Birla group entity, November 2006 saw Mr. Aga back as Managing Director. The next four years were a period of exceptional progress for Idea. The company improved its national market position from No.7 to No.3, joined the ranks of the 10 biggest global telecom companies, and importantly, became a highly regarded profitable company in a hyper-competitive sector. In recognition, ET in 2009 named Idea Cellular as The Emerging Company of the Year. Apart from sectoral awards received, Forbes India Magazine had short-listed him among Indians categories, for the Person of the Year, 2010. Other Directorships • Idea Cellular Ltd. • Subex Ltd. • Pidilite Industries Ltd. • Ocean Dial Investment Funds PLC

    Sanjeev Aga

    Sanjeev Aga

    Independent Director


  • Independent Director

     

    Ms. Alka began her career with Mulla & Mulla & Craigie Blunt & Caroe, and joined Amarchand & Mangaldas as partner in 1992. In 2008, she co-founded Bharucha & Partners which, since inception, has been ranked by RSG Consulting, London among the top thirty firms in India. For years, Ms. Alka Bharucha has been ranked by Chambers Global, Legal 500 and Who’s Who Legal, etc. amongst India’s leading lawyers. Ms. Alka chairs the transactions practice at Bharucha & Partners. Her core areas of practice are mergers and acquisitions, joint ventures, private equity, banking and finance. Alka’s general corporate work includes the establishment of mutual funds and providing regulatory advice to foreign institutional investors, foreign venture capital investors, merchant bankers and other financial intermediaries. Ms. Alka has particular experience acting for financial services clients as well as those in the telecommunication, powers and logistics sectors and is also actively engaged in representing trans- national corporations for investments in retail, defense and manufacturing space. Other Directorships: • Bharucha & Partners (Partner) • Safalya Investment & Trades Pvt. Ltd. • Suryojit Investments & Engineering Pvt. Ltd.

    Alka Bharucha

    Alka Bharucha

    Independent Director


  • Independent Director

     

    Mr. Santosh Ramesh Desai is currently the Managing Director and CEO of Future Brands Ltd. Before taking up this assignment, he was the President of McCann-Erickson, one of India’s premier advertising agencies. He has done MBA from IIM Ahmedabad and also has an Economics Degree from M.S.University, Vadodara. Santosh has spent 21years in Advertising and has been strategically involved in building key brands for a range of local and multinational clients. He is on the Board with effect from 29 Apr 2008. His principal area of interest lies in studying the relationship between culture and brands. In this context, he has been responsible for initiating projects that seek a fundamental understanding of the Indian consumer as a product of his/her cultural context. He has conducted workshops on a broad range of subjects in marketing and teaches at several educational Institutions. He writes regularly on contemporary Indian society and on subjects related to Marketing in leading business and general interest publications including a weekly column in The Times of India –‘ City City Bang Bang’.

    Santosh Ramesh Desai

    Santosh Ramesh Desai

    Independent Director


  • Managing Director

    CEO 

    Mr. Shailendra Bhandari is the Managing Director and CEO of the Bank.

    He holds a Masters Degree in Management (MBA) from the Indian Institute of Management, Ahmedabad and Bachelor of Arts (Honours) in Economics from St. Stephen’s College in Delhi University. He took charge as Managing Director and CEO of the Bank effective 06-Aug-2009. He is a seasoned banker with 27 years of experience and an impressive track record of accomplishments. He was the Head of Private Equity at Tata Capital Limited. He was the former Managing Director and CEO of Centurion Bank of Punjab from 2004 until last year and widely credited for successfully turning around Centurion Bank and achieving impressive growth. During the period 2000 to 2004 he was the Managing Director and CEO of Prudential ICCI Asset Management, a company he grew into India’s largest private sector mutual fund. Prior to this, he was part of the core team charged with setting up HDFC Bank in 1994 as Treasurer and Executive Director. During his five-year tenure at HDFC, he established and ran the capital markets and private banking businesses and was also responsible for managing liquidity and price risks for the Bank’s balance sheet. He is also an ex-Citi banker, having spent twelve years in increasingly senior management positions in treasury, operations, fund management, securities and investments after getting a start as a forex dealer involved in US Dollar-Rupee trading back in 1982. He joined the Bank as MD & CEO effective 6 Aug 2009.

    Shailendra Bhandari

    Shailendra Bhandari

    Managing Director

    CEO


  • Director

     

    Mr. Vaughn Richtor holds Honors in Arts, first class (Honours) Bachelor’s Degree in Business Studies from South Bank University, London, and Diploma in Corporate Finance from London Business School. He was the Managing Director and Chief Executive Officer of the Bank with effect from 7-Feb-2006 and on expiry of his initial tenure of 3 years, RBI accorded its approval for extension of his tenure as Managing Director and CEO of the Bank for a period of two months effective 07-Feb-2009. Upon completion of his initial tenure and two months extension on 06-Apr-2009, Mr. Vaughn Richtor also ceased to be a Director as his directorship was co-terminus with his term as Managing Director and CEO. Subsequently, Mr. Vaughn Nigel Richtor was appointed by the Board of Directors as an Additional Director effective 1-Jun-2009 to hold office till the 78th AGM. He was appointed as a Director, liable to retire by rotation, by the shareholders in the 78th AGM held on 04-Sep-2009. Mr Vaughn Nigel Richtor is currently the CEO, ING Direct, Australia. Mr. Vaughn Richtor started his career as Business Analyst at SKF, UK, subsequent to which he worked in Rank Xerox Limited as Senior Treasury Dealer / Assistant Treasurer and Treasury Analyst. He has also worked in Sedgwick Group as an Assistant Treasurer, International.

    Vaughn Nigel Richtor

    Vaughn Nigel Richtor

    Director


  • Independent Director

     

    Mr. Talwar on completing his MBA in 1970 from IIM Ahmedabad, started his career with Bank of America in San Francisco and during his 26 years career at the Bank, he held several senior management positions in over 9 countries in Asia. He was amongst the youngest Senior Vice Presidents’ of the Bank in 1991 when he was named the CEO of the Bank’s extensive Indian operations that were among the largest global businesses of the bank in terms of profitability. Mr. Talwar left Bank of America in 1996 and for the next 2 years he worked with Ernst & Young Consulting in New York. He was assigned as the CEO and Managing Director at Ernst & Young Consulting, India and was also Ernst & Young’s Asia Director for its Global Operate Business (Outsourcing). In 1999, Mr. Talwar founded EXL Service Holdings Inc, a leading global Business Process Outsourcing Company, in the US. He was the CEO of the Company till May 2008 when he was elevated to the position of Executive Chairman of the Board. He is on the Board with effect from 20 Dec 2010

    Vikram Talwar

    Vikram Talwar

    Independent Director

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