Doug out

Deutsche Bank hires new Indian credit risk management head to replace Doug Neilson.

Rahul Raisurana has replaced Douglas Neilson as Deutsche Bank's head of credit risk management in India. Raisurana joins from Moody's Investors Service in New York, where he specialized in corporate finance and covered the American region.

"Rahul is taking over a very sound portfolio and his focus will be on further developing relationships in the market, and delivering our clients with financing and banking solutions that extend across the bank's entire platform," says Gunit Chadha, the former IDBI chief who became Deutsche's CEO in India last year.

Based in Bombay, Raisurana will report to Volker Kauschel, the Singapore-based head of corporate credit for the region. Before he joined Moody's Raisurana spent more than eight years in India, working for most of that time with Citibank's corporate and investment banking group.

Neilson, who ran Deutsche's Indian business between 2000 and 2003, will be shipped out to London after seven years in India to take up a post that is yet to be announced. "The last few years have been a most interesting and rewarding period for Deutsche Bank's business in India," he says. "We have expanded significantly and effectively, and the momentum in the growth of our business is accelerating."