Particle.news
Download on the App Store

RBI Clears Vikram Sahu as Bank of America India CEO as Kaku Nakhate Moves to Chair

RBI clearance formalizes the leadership transition at the US bank’s India arm.

A logo of the Bank of America is seen on an office building at the Gujarat International Finance Tec-City (GIFT) at Gandhinagar, India, December 8, 2023.REUTERS/Amit Dave

Overview

  • Kaku Nakhate, who led the India business for about 15 years, will become Chair, India with a focus on strengthening key client relationships.
  • An internal memo reviewed by PTI confirmed Sahu’s CEO appointment in addition to his role as India Country Executive.
  • As India CEO, Sahu will chair the local management team and the India country leadership team and will join the Asia Pacific executive committee.
  • He will report to Asia Pacific president Jin Su and continue oversight of the entity’s strategic growth plan.
  • Sahu had already assumed overall leadership earlier this year and previously headed global equity research in New York, bringing three decades of international experience.