SBI Capital Markets appoints Rajnish Kumar MD and CEO

Investment bank SBI Capital Markets has appointed Rajnish Kumar as its Managing Director & Chief Executive Officer with effect from today. Kumar has replaced V G Kannan who was elevated as the investment banks' Managing Director and Group Executive (associates and subsidiaries) of the State Bank of India, earlier this month, the company said in a release issued here today. Prior to this, Kumar was the Chief General Manager (project finance and leasing SBU) at the SBI. Kumar joined SBI as a probationary officer in 1980 and held several key assignments across various business verticals, including two overseas assignments in Canada as well as the United Kingdom.

Read the Economic Times news report here.