State-run Bank of Baroda has said it has appointed Ratnesh Kumar as managing director and CEO of its investment banking subsidiary, BOB Capital Markets.

• Kumar has 23 years of experience and has held key leadership roles, last being the managing director, head- cash equities India and CEO of Standard Chartered Securities India
• Kumar holds a Master degree in Management from FMS, University of Delhi, and M.Sc. (Hons) in Physics & B.E. (Hons) in Electrical and Electronics Engineering from BITS, Pilani.
• The public sector bank in a statement said Kumar started his career in the Indian capital markets and financial services sector in 1993.
• During the past 23 years he has had diverse experience and has held key leadership roles, the last being Managing Director, Head-Cash Equities India & CEO of Standard Chartered Securities India, wherein the main business segments included institutional brokerage, equity capital markets, equity research and retail broking.

Bank of Baroda

• Bank of Baroda is an Indian state-owned banking and financial services company headquartered in Vadodara (earlier known as Baroda) in Gujarat, India.
• It is the second largest bank in India, next to State Bank of India. Its headquarters is in Vadodara, it has a corporate office in the Bandra Kurla Complex in Mumbai.
• The bank was founded by the Maharaja of Baroda, Maharaja Sayajirao Gaekwad III on 20 July 1908 in the Princely State of Baroda, in Gujarat.
•  The bank, along with 13 other major commercial banks of India, was nationalized on 19 July 1969, by the Government of India and has been designated as a profit-making public sector undertaking (PSU).