Ujjivan Small Finance Bank has appointed industry veteran M.D. Ramesh Murthy as the new Chief Financial Officer. He will be responsible for formulating and guiding the bank’s strategy for growth; while leading the Finance and Accounts functions.
Mr. Murthy has a rich experience of over 30 years, having worked extensively in India and the Middle-East. In his 17-year long stint at Mashreqbank psc, Dubai, he was instrumental in successfully setting up the Syndicated lending and Project & Structured Finance business. His role also involved managing relationships and risk for Large Corporates, Government Related Entities and Financial Institutions in the Indian sub-continent and Turkey.
In his role as Head of Corporate Credit Risk at Commercial Bank International psc, Dubai; he played a vital role in significantly improving the portfolio quality at the bank. His earlier stints were with ANZ Investment Bank (a division of ANZ Grindlays Bank Ltd.) & Wipro GE Medical Systems.
Mr. Murthy joins Ujjivan SFB from Karur Vysya Bank where he was the CRO and subsequently the CFO, leading and directing the Finance, Accounts, Analytics & MIS, Tax and Regulatory functions of the Bank.
Mr. Ittira Davis, MD and CEO of Ujjivan Small Finance Bank, said: “The appointment of Mr. Murthy further strengthens the management team at Ujjivan SFB. His vast experience and financial expertise across various banking domains will enable Ujjivan SFB to charter a robust growth path to being the preferred retail mass market bank.”
Mr. Ramesh Murthy is a Chartered Accountant and an alumnus of The Harvard Business School.
About Ujjivan Small Finance Bank
Ujjivan Small Finance Bank Limited is one of the leading small finance banks. The bank remains committed to serving unserved and underserved segments through financial and digital inclusion as a mass-market bank. Ujjivan is a one-stop destination for financial services, offering a personalised customer experience. The strengthened digital interfaces across regions and languages have empowered Ujjivan customers to seek timely and easy access to finance at all times.