Ravindra Kumar will join the upper ranks of ING Vysya Bank as country head, wholesale banking, India. To be based in Mumbai, Kumar starts the new role immediately, departing from the Mumbai operations of Calyon Bank.
For ING Vysya Bank, Kumar's responsibilities will include the management and development of its corporate finance and investment banking activities and its emerging corporates and treasury business.
In the position, he will also work closely with ING Bank's pan-Asian wholesale banking business activities. In working with regional colleagues, Kumar will assist in providing client coverage for key local and global clients and offering access to ING's value-added products and services which include M&A advisory, debt capital markets, financial markets and structured products.
At Calyon Bank, previously known as Credit Lyonnais Bank, India, Kumar was head of corporate, institutional and investment banking, India, which he held since July 2001. Before this posting, he was with ABN AMRO as head-corporate banking for its western region. His resume also boasts experience at State Bank of India.
In his new role at ING Vysya Bank, Kumar will report to Bart Hellemans, managing director and CEO of ING Vysya Bank.
Currently, the Dutch group's Indian banking, asset management and insurance activities have been consolidated under the ING Vysya brand name. ING also has a 43.99% equity stake and management interests in the bank, which makes them the largest single shareholder.