Mumbai: Yes Bank has appointed Suresh Sethi as country head, transaction banking group. Sethi will be instrumental in developing and implementing the business strategy for cash management services, capital market services, trade finance, commodities and 'food and agri' businesses.
A career banker, Sethi joins Yes Bank from Citibank N.A., where he spent over 14 years including various senior management positions across Africa, Europe and the Uspriior to joining Yes Bank, he was based at Citibank Miami managing the cash management business for the entire Latin America region covering 22 countries.
An alumnus of FMS Delhi, Suresh brings strong product knowledge combined with excellent project and process management skills.
Announcing the appointment, Rana Kapoor, managing director and CEO, Yes Bank, said, "At Yes Bank, the transaction banking function will entail developing and positioning superior products by adapting the latest technology integrated across various distribution channels. Suresh has impeccable credentials and valuable experience and his joining Yes Bank is an extremely positive development."
Rabobank, Netherlands, a part of the Rabobank Group, which is the only ''AAA'' rated private bank in the world, has 20 per cent of Yes Bank's financial ownership while three other high quality institutional private equity investors - CVC-Citigroup-New York, AIF Capital-Hong Kong, and ChrysCapital-San Francisco have 25 per cent collective ownership.